WHAT did Romney know about federal program that insured pension funds and WHEN did he know it?

[philly_bob]

31. Interesting.... Use of "discount rate" to rip off pensioners

Thanks, blm. Learned something from your link.

"When accounting for a pension, a company selects a discount rate to price future liabilities. But companies are selecting higher and higher discount rate so they can set aside less and less money. You can completely alter your profit or loss simply by selecting a new number, and it’s all perfectly legal."

If I read the chart in the article below right, it works like this. Suppose a manufacturing company has to pay a hypothetical pension of $1,000/year. At a discount rate of 3%, the company would price that obligation at $33,000. At a discount rate of 20%, that obligation would be priced at $5,000. Since the pension payments are guaranteed by the government, what discount rate will the the manufacturing company choose?

http://seekingalpha.com/article/462411-discounted-cash-flow-what-discount-rate-to-use. Chart I use is under subheading "How much would you pay.