Replying to a message of Bob Klahn to Bob Ackley:

 BK>>>  We were talking about the pay of workers, not former workers.
 BK>>>  Pensions are out of a pension fund, not current cash flow.
 BK>>>  Medical benefits have been moved to a similar fund.

 BA>> And both of those funds get their money from current (and
 BA>> future) cash flow.

 BK>  No, they do not. The pension plan has it's own investments. Why
 BK>  do you think pension funds own so much in the stock market.

Silly me.  I thought the company continued to contribute to those funds with
*current* and *future* cash flow.

--- FleetStreet 1.19+