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Thread: GAO Cites UA in Report on Underfunded Pensions & Exec Pay
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Old Nov 19, 2009 | 8:19 pm
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n9536j
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Originally Posted by bk3day

Pension details
122,556 participants $7.8 billion underfunded

Compensation details
Company missed nearly $1 billion in required pension contributions ....
The GAO Report can be found at http://www.gao.gov/highlights/d1077high.pdf

But it doesn't matter that they missed the payment since the taxpayers guarantee the fund
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