RE:RE:Pension plans merged with CAAT
the pension liability was almost zero a few years ago when interest rates did a jump... and then reversed again..... they are so long tailed that the unload was both discounted and expected.... having said that, there were annual cash draws for the last few years so nice to see that drop away... but they do not have much cash in hand relative to the structural cash losses..... and i am pretty sure that Vertical has not distributed cash since the acquisition.... that is long over due they need more than just paper from Vertical.....