Accordingly, a lower liability discount rate means a larger funding gap between plan assets and liabilities.

FORBES

But private pension plans (overseen by the Financial Accounting Standards Board) may not set a liability discount rate based on anticipated asset performance.

FORBES

Because that risk is not passed on to pension beneficiaries (their benefits are guaranteed, whatever the market does) it is improper to use a liability discount rate that includes the risk premium.

FORBES

The higher the discount rate, the smaller the liability appears to be.

ECONOMIST: The great public-sector pension rip-off: Dodging the bill | The

My conclusion is that the company is becoming irrelevant to investors and a liability for manufacturers since they will have to justify discount prices to other customers unless J.

FORBES: J.C.Penney slides Further into Oblivion