An actuary is a business professional who analyzes the financial consequences of risk.
YRC Worldwide, the biggest trucking company in the US, is negotiating with its unions to allow it to suspend cash payments to its defined-benefit pension plan and to pledge real estate instead. It would be the first major US company to use its real estate to help meet its pension obligations.
I find this vaguely disturbing. Also, I'm surprised that no US source seems to be carrying this story.
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Fellow of the Society of Actuaries, 2009
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