His judgment on the nature of the pension obligations read as follows.

If no new bill is passed by then, pension obligations for companies will balloon.

The new method will make their future pension obligations look smaller.

Some companies even started talking about going into bankruptcy, in part because they could no longer afford their pension obligations.

In the process, the government had to take over $9.4 billion worth of pension obligations.

A healthy business cannot just hand its pension obligations to the government and walk away.

Would United actually fail it were required to meet its pension obligations?

But it increased the city's total pension obligations by an estimated $8.4 billion.

By comparison, pension obligations at these companies are 65.6 percent funded.

Most of the money will be used by the company, which has been in bankruptcy for more than five years, to meet its pension obligations.