That was after he gave up selling mutual funds for unions and pension trusts.

If that one should reveal a large deficit, Lucent would have to make a cash contribution to its pension trusts.

The fund is similar to pension trusts for other employees, the company said.

But the grafting of individual rights onto a collective pension trust has brought risks that have become apparent only as pension funds have weakened.

The owner of the building had obligations of $577,000 a month to the pension trust.

We will provide a statutory framework of protection, including employee representation on occupational pension trusts.

The clause would be a boon to many companies whose pension trusts have grown fat as the stock market has climbed this year.

Entities typically exempt include charities, pension trusts, and government owned entities.

Nevermind the fact that many of these types of loans were worthless and packaged up and sold on to pension trusts etc.

"We don't consider that a role of a pension trust," a company spokesman said.