Originally Posted by
Maddog39
4. Not sure of UPS but FedEx announced in Wall Street Journal acticle about two months ago that its pension funds were 87% funded, whatever that means.
Beware! Even "100% funded" only means that there SHOULD be enough money to pay the future obligations BASED ON THEIR CURRENT PROJECTIONS.
Some companies used wildly optimistic fund growth estimates and put a lot of the money into high-yield/high-risk investments. Then they were "shocked, SHOCKED" when the plan turned out to be less than 50% funded.
