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Archive for March 5th, 2009

2008 Pension Data Nearly Complete

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With GM finally releasing its bad-news annual financial statement for 2008, almost all 2008 GAAP data that has been publicly disclosed for pension plans is now available.

I collect as much if not more than anyone else out there, businesses and governmental agencies included. But since my pension information spreadsheet is as much a hobby as stamp collecting used to be for me, it will take a bit of time for me to catch up with this past week’s deluge. I’ll start with PBO funded ratio – a tick or two below 80% instead of the tick or two above that I had anticipated – and move step by step through other available data elements: pension cost; asset allocations; assumptions; and so on.

(Remember, as I’ve previously disclaimed, posts such as this represent efforts of my favorite pastime. My formal work does not involve any of this, and none of it represents any position or comment that should in any way be attributed to my employer. Likewise, as always, it represents general personal impressions and should not be treated or used as formal professional advice.)

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Written by macheide

5 March 2009 at 8:18 am

Posted in άctuary