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Sears Holdings Corporation Message Board

  • philipjames1974 philipjames1974 Sep 17, 2012 2:48 PM Flag

    Sears Pension Funding

    Since posting to the Sears site on retail worker is apparently a thing of the past unless you are grandfathered in with a user id and password from a long time ago I would like to post my take on why Lampert decided to pay the 203 million to get the long since frozen pension plan to 80%. It can now be done with less cash than before since he can use higher interest rate assumptions.It looks like this also results in a somewhat smaller lump sum payout. He gets rid of the more experience higher paid employees who more likely sign up for health insurance plans and who cost him 4 weeks vacation pay. It will also save future funding costs. Nothing altruistic about it.

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