How to manage pension plans in mergers.

Although many acquiring companies have lately been inclined to end the pension plans of companies they acquire, especially since the advent of the PBGC (Pension Benefit Guaranty Corporation), this may be a shortsighted policy, according to this author. He explains five possible methods for dealing with a target company's plan and shows how a company can make a decision that is consistent with both the financial resources it wants to devote to pension benefits and the objectives it has for a retirement plan in the new company. [ABSTRACT FROM AUTHOR]