"Because of the different accounting treatment attributable to making contributions due in 2021 as opposed to 2020, the technical change of moving the delayed contribution date to January 4 can impact the liquidity of a company and its rate of recovery from the pandemic [by] ... [1] affecting the ability to borrow and the rate of borrowing, [2] affecting outstanding loans by not triggering loan covenants, [3] affecting whether a business can honor commitments based on the anticipated end of the year financial statements, including business expansion and creating or retaining jobs, [4] affecting the ability of a company to help suppliers and buyers as those organizations in turn try to recover ... [5] triggering additional disclosures that are not necessary if the contributions are going to be made shortly and [6] triggering a slower recovery for investment."  MORE >>