"[This Committee] commented at considerable length a year ago on the first exposure draft (ED) and are pleased that the second ED effectively addresses many of the concerns expressed.... There are fundamental differences between pension and retiree health, and our comments focus on the need for ASOPs to recognize those differences. We continue to have concerns that ASOP No. 4 language regarding pensions is used more than is needed within ASOP No. 6 and that the problem of implicit subsidies (and age specific costs for groups in pooled health plans) is not sufficiently addressed."  MORE >>