Detailed text transcripts for TV channel - FOXNEWS - 20130207:18:49:00
What's the problem with pension funds? >> here is how it works and who is getting hurt. at the end of the day when interest rates are high, companies have to pony up less dough than they do right now when interest rates are now. when they record that pension obligation, it's valued on the basis of where interest rates are. right now interest rates are at rock bottom so company's he contributions have to be higher and that's what you're seeing with the numbers you just saw, that doesn't moean that pensions are killed. they have an obligation to pay them. the companies are getting hurt and at th...
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