Word: pensionable
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...long afterward, so was Enron. The company's Chapter 11 filing leaves banks, pension plans and other lenders with at least $5 billion at risk. More than 4,000 Enron employees have lost their jobs and 401(k) savings. The collapse is still reverberating in the stock market, which has dropped some $200 billion in value since Enron's Dec. 2 filing, amid fears that other Enrons are lurking out there...
...millions for many. But you must, according to the rules of the fund, subtract all the money you are getting from other sources except charities. A court settlement would not be diminished this way, but this is not a court, Feinberg repeatedly points out. Deduct life insurance, pension, Social Security death benefits and workers' compensation. Now you have the total award the government is offering you for your loss...
...struggle to defend our essential freedoms; free sexual expression is as fundamental as the right to free speech and just as vital to the pursuit of happiness. Although openly integrating homosexuals would introduce myriad new problems—from locker rooms to family-based leaves of absence to pension plans for spouses—and although there are no simple solutions, these issues are neither insurmountable nor unworthy of the effort to solve them...
...famous for its steadily rising earnings and steadily rising stock price. GE is an acquisitive conglomerate known for reporting one-time gains and one-time losses in striking balance, keeping growth on a calm and steady course. The company has also benefited from earnings that flow from its overfunded pension plan. Last year, with the broad stock market down 13%, GE reported a whopping $1.7 billion of income from pension-plan investments. How could that be? Here's one possibility cited by stock analysts: by raising the estimated rate of return on the money set aside to fund employee pensions...
Stock analysts also question the pension accounting of IBM, which two years ago assumed a 9.5% rate of return on pension investments and has upped that expected return to 10%. IBM has said the increase was based on its experience in managing the fund...