| Show AmouraWwWWlwlto — NATIONWORLD The Salt Lake Tribune Al3 Friday November 20 1992 I Pensions and Promises: Gap Keeps Widening THE ASSOCIATED PRESS — The government agency that guarantees pensions for more than 40 million Amer-- cans said Thursday the gap widened last year be : WASHINGTON : Live Long and Prosper: Guard at Paper Finds He Has Matured Into Millionaire tween benefits companies have promised and the ' money set aside to pay for them : The Pension Benefit Guaranty Corp's (PBGC) an nual list of 50 companies with the largest underfund: ed defined-benefpension plans showed the gap ' swelled to $242 billion in 1991 from $215 billion in THE ASSOCIATED GASTONIA 1990 The airline steel and auto industries comprised 16 of the 50 companies up from 14 in the 1990 list These companies represent nearly 75 of the total guaranteed benefits and nearly 7 7 of the total unfunded guaranteed benefits on the 1991 list Chrysler and General Motors alone accounted for 53 of the unfunded guaranteed benefits "We recognize we are in an underfunded position" GM spokesman Bill Winters said "We have and will continue to meet all our obligations under ERISA the law Even by their con servative measures we are about 80 funded "The risk to employees stems from employers that are in jeopardy of bankruptcy and GM is not one of ' : : : ' $13-a-wee- k d The government agency acknowledged that being underfunded does not necessarily pose an immediate threat to participants or to the agency But it said the risk was serious from some underfunded plans associated with financially weak firms James B Lockhart the agency's executive direc- ready faced with a $25 billion deficit that is ing: "The growth in pension underfunding — WASHINGTON US and Thursday Neither official explained what roadblocks had developed or where the differences between the two sides had been narrowed but both stressed that substantial progress had been made "We made good progress today We are quite close together and we are going to continue to work" Hills said Andriessen added "We are very close and we will continue as soon as possible" Failure of the Washington talks to produce agreement means that the threat of a trade war between the United States and its biggest EC trading partner the remains a possibility The EC delegation left immediately to return to Brussels where it will brief members of the European Commission today on the status of the negotiations There was no indication where the next round of talks would be held European negotiators broke off talks Thursday after failing to resolve a bitter trade dispute leaving in place a Dec 5 deadline for imposition of punitive tariffs that would triple the cost of European white wines for American consumers Both sides said they planned to resume discussions soon in an et' fort to avert a trade war over the issue of soybean subsidies paid to European farmers After three hours of talks Wednesday and seven hours on Thursday US Trade Representative Carla Hills said that both sides were "quite close together" in all the areas under dispute ' Frans Andriessen the chief trade negotiator for the European Community also expressed satisfaction with the results of the negotiations However Hills and Andriessen had expressed the hope earlier in the day that a final : : : : : : : : : : SHAKE iSK t I ---- 4 ( I: i -- ! - I ::71: 1 ri to 0 2 7et' -- - 1 j It r- : r7 -- - "111111 4--- 4 '4' t lisicitt i AiLTr : tN 4 I I AV-- i I rim sArri 4 1 1 1 ! Iiit - l 14 6 WI 1 P - I 0 I br t — LI 1 kN rt:4 ill St r' - ki MOP Showroom: 5410 South 900 East I SLC 4 : Open Monday thru Friday 9 am 3 - - 7pm Saturday am - 7 pm Saturday :Closed Thursday and Sunday 11 1 i m- ii Li WI 2) rAl 10 U1 111 am - 6 6 75 355-411- 1 "410-9- - Nb A':' D ore P6 '13si3 iV I -- 4 1' -- t) 9 -4 0 Nb ' 4 i I t 4 - 0 lumbia (A11MM AND I 1i A 41 ir :!: ' el 1 3 110 ii NOW 4 I' "BUGABOO" SYSTEMS JACKET $I $16000 I ti 41 - - VALUES TO t i j 0! to t $12000 1 I NOW A $112 10 1 0 ROLLERSKATES trio TO S4913 "11116 - 4 - men & WOMENS SKI Pik 'PliltsvkAli os --- -- 1 s 1 ' - 13t6L--- - 1 1 - A 1 m i PEDERSEN'S GUARANTEES LOWEST PRICE ' iNA4:1 VALLEY FAIR MALL 9641711 7772 - okboodholitiseI I LAYTON HILLS MALL ' 14i - Igo - il9 I olit —vv4-— 546-314- 3 02174733 1 I L OGDEN CITY MALL 1 S We guarantee we will meet er beat any advertised price Sting in competitor's ad It we have the same merchandise in stock we will beat the price I AyeekmW nM3 3 4 - ti a 0- Laima i' 1 ' -- i3 S1112 " k ' ----- 10 - 1 y00 CO217780HWOOD 225-300- 0 - : a--e-r MALL ontti 111 ' - w i tal t I $68000 1 I vikore:-1- c UNIVERSITY MALL pm : de 4 CROSSROADS I : - IA--145- 00 SPORTS 8( I 1 1 - FASHIOANLPLLACE pm 288-055- laii co: - As i r-- ' 266-855- 5 'till 6 1 D- s c: E:5)1 55C) r REG Li a I t sse211981 yAtun )obt:4 I - Mv ( '14 r--1 SKI 266-581- 8 Clearance Center: 5416 South 900 East SLC I Open Weekdays togrVis lalIcIrsc: - N1 1 BINDINGS INCLUDED 641 111 r - i NOW E 7 1 ii v "ATV" 1992 FREESTYLE X ' 04 s rt gm E: eca4g14Wocmkpaigloprice - 0 a ti t I 3 0 ii t NOW t3JAirgAferarg a 4164 vilootiammed) TOTAL $6000 zkiALEI Sale priced at airy Skis Bootsnil:Is:stud' Sind! Poles Scott Mounting POWDER PANTS ' -- ' I REG : '' SKI i 414- ' 5 ---- - S‘‘'r OS tl I - - 041:042os - tIOVI liaV11410 -- 6110 SUNDAY 12 – -- MEN'S AND WOMEN'S AAV t pp - --- 11 ' 1:1e7 CHAIR 4 --- - t''' " clse)fc-4Il- t) MAIO p crt k A X 41Pit - 0 e:t 1- ) oak LW -18 r - tro vf Am" U 4- w tfii 7 LI 41 18 7 i DINING kfraeg ONE" loyetti lea c ID ' SATURDAY - - V virtvi Itjt 1 r 'NAellteAL MAC) 111:atingitiinsulate I API i - SAME AS CASH etS i t mahogany Sale priced at - --- '''-- k I t 1 111FId --4 If 0 a ::''':: I D —5 11 I 1 it 1 -- 1 and Delivery extra 1 4 0 4 voloboL ! iTi-- 4 1 ' ''' i A c 1 0 et in rich rz I DAYS 1 ibwoons A i Set-u- °I - P LI1 -' '- FRI NOV i—10—I'D 4 - Lk !' ' t1 9 1- k- 1 1 '1 Is) ) I Supplies Limited 1 -- A L-- - - tes i I Ii - 8 i 18 SPEED MTN BIKE 1 AA Frame Cantilever Brakes 1 2eM I Sturdy hOding" CONSOLE TABLE 10:00 - :zZ'''1 90 Derailleurs High Tensile 1 1-- ' SALE Iz: ---1 1 '1-- 1 -- '''NN i i liti - 1000" "MODEL 1 N 48c (ends soon) 25MateSIIPPL -- - - 100-L- B PRICE WAR!!! '11—i ‘ VP TEK i 14 - ---- - TO 3-- 42o1a421610UTH MAMIQ 31403- 21 I - in rich b HANDLE ALL METAL c - 0-1Bp-is ' ''' :- øNs00 1 549 -I STEEL FACTORY DIRECT PRICES 11 N - HOLDS YOUR LAYAWAY AT SALE PRICES!!! ti Sale priced at mahogany Sale priced at 4 t DLMIBELLS Racks ' fr--2- k) IP W t: il1 HARVEST DINING TABLE Heavy Steel oN Nuts or Bolts Weight Holders ' Adjust to 66 Can be Used As Squat - HEX STYLE jr11d11 I hi function before form and structure without clutter We have an excellent selection of Shaker bedrooms dining rooms coffee f tables end tables and occasional pieces below are just a few examples of the values to be found at Copenhagen West 8 Sizes All WEIGHT LIFTING BENCH -: 1 l'' ri r1 1 1iirtit' 91)0 a LI 1 Liv t' i tl4 II 111611W 0 iif lti 1 mahogany $25 COLORS ot Converse lt c-r-) Choice -i- A trci' it Were happy to introduce our new lines of Shaker-Styl- e Furniture Shaker furniture is noted for its simplicity with in rich r - "A"'-''' tol L :1i 1 1 y '"Nii P111- 1 t ' — -- i1 DISPLAY CABINET $1495 -0 Spot-Bi- Reg up to $50 Your "r' -N- ha : CnielrA:If 11 °' Puma 1101 SPORTS ! 8( 1 11 11 5- -- is a remind- alaElTSTNESs ! ti -44 Stars" "All Top Canvas 1st Quality Hi I fl 6 HIGH TOP BASKETBALL SHOES 741PW4WIPt"f p I Shimano I i man-mad- e ity" he added agreement could be reached THE ASSOCIATED PRESS ' ‘ people say the letters might have been a signal from an American held prisoner since the Vietnam War Experts agree the "USA" was but they are not sure whether the other marking was a "K" or whether it was stamped out intentionally in a rice paddy grow- 31 !Ii° (0) Converse Some er that pension reform should remain a top prior- US and Europe Make Headway But Fail to Resolve Trade Tiff Large on hand stock Every color every size : 16 (ö) 9 REVERSIBLE MESH foot-hig- h tor expressed concern over that underfunding has increased each year since the agency began publishing the list in 1988 He said it "represents an increased risk to workers and retirees whose benefits may not be guaranteed in full and to the insurance program which is al Se:1 ss d them" Groonuep ccy Values to $1099 American teams also will see previously closed areas where there have been reported sightings of people who could be MIAs said Sen John Kerry the head of the Senate committee on missing US soldiers He announced the agreement after returning from a day trip to Vientiane the capital of Laos The US satellite photo taken in January 1988 shows the 12- letters "USA" with something underneath that could be the letter "K" The letter "K" was used as a secret emergency code by American aviators during the Vietnam War part-tim- e y pension-securit- A man who worked for a 99 I 1 FS apne HO CHI MINH CITY Vietnam — Laos will let American investigators visit the site where a surveillance photo showed what may have been a US military rescue code dug into the ground a US senator said on Thursday PRESS k11 BASKETBALL JERSEYS THE ASSOCIATED PRESS newspaper for 66 years without knowing he would receive a pension has learned he is entitled to nearly $1 million under a plan the company has since abandoned Bob Huggins 86 a security guard at The Gaston Gazette learned last week he would receive the windfall from a fund invested for employees Huggins took a job in the Gazette's composing room in 1926 When the Gazette changed to computer-generatetype in went 68 then to as a work Huggins j974 guard The money was made possible by a quirk in Freedom Newspapers' retirement plan according to David Kuykendal the California-basechain's chief financial officer Money was invested for employees grouped according to their ages For example if 10 people were set to retire in a single year a certain amount of money was set aside Because Huggins is the last person alive among the group he was in the remaining money went to him it : NC 41111 Ittrestigators trill Visit Site of Rescue Marks' in Laos 4 KETEr 1 US fill I i - J- I I I - -- - 4 : t - |
