Originally Posted by
BobZ
Not to excuse the carpetbaggers......but i think at the time pension trust contributions were limited similar to our individual savings limits.
I dont think a company was allowed to 'overfund' or frontload in good times to enable meeting funding mins thru bad times.
Imagine the gov allowing us to contribute up to 100% of our paycheck to self directed accounts? Lol
They would miss the tax revenue. Just a little bit.
They could have put more funding into the pension plans. The limits were on the amounts they could put into the plans and receive tax benefits.