Morgan Stanley: Pension Accounting Distorting Balance sheets As Deficits For S&P 1500 Hits $400 Billion

Pension Accounting – what does it tell us about Corporate America? Many corporations, adopting the increasingly popular trend of freezing or closing their defined pension programs, think their underfunded corporate pensions might not matter. Think again, says a Morgan Stanley report. Mr. Market might have different ideas even if state pensions like New Jersey are in deeper trouble. While corporations might not be paying attention to pension fund accounting, the market is There are a number of trends taking place in the pension fund space, some of which could be distorting to various degrees and some companies are paying the…