/// AT&T to Take $10 Billion Pension Charge
AT&T Inc. warned it would record a $10 billion charge for the fourth quarter on an accounting shift related to its pension- and postretirement-benefit plans. The telecom giant has accrued massive retirement liabilities because of its history stretching back to the days of Ma Bell. Those obligations tend to increase in a low-interest-rate environment because the present value of those future payments rises. Read the rest of this post on the original site »
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