S.E.C. Inquires Into Pension Accounting at Ford and G.M

Article Abstract:

The Securities and Exchange Commission is looking at the accounting methods used for pension funds and retirement benefits. They have asked General Motors Corp., Ford Motor Co. and Delphi Corp, as well as other companies, for documents used to calculate the value of pension plans.

United States, Legal issues & crime, Motor vehicle parts and accessories, Motor Vehicles and Equipment, Capital funds & cash flow, Automobile equipment and supplies industry, Automotive parts industry, Company legal issue, Investigations, Accounting and auditing, General Motors Corp., GM, Delphi Corp., Ford Motor Co., Transportation equipment industry, DPH, Accounting, F, United States. Securities and Exchange Commission, Accounting procedures, Automotive industry

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Budget Use Of Pensions Sows Trouble In San Diego

Article Abstract:

San Diego is facing the possibility of filing for bankruptcy because of pension fund mismanagement, and other California municipalities may follow because of abuse of a law that allows cities to spend funds in other departments.

San Diego, California, Government finance

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One State Talks About Shifting Out of Pensions

Article Abstract:

California is considering giving up pension management for government workers, and offering them 401(k) plans instead .

Economic policy, Public employees, Government employees, California. Public Employees' Retirement System

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