Currently, companies must calculate pension liabilities based on interest rates offered on 30-year Treasury bonds. Due to the fact that treasury bonds are backed by such a high standard, companies are forced to put a large sum of money into their pension funds. Corporations argue that this
money could be better used in investment, which would create more jobs. The Bush administration has proposed a plan that would link the calculation of corporate pension liabilities to corporate bond rates,which would lower the amount of money that companies would have to put into their pension funds.
See Jonathan Weisman, The Washington Post, July 7, 2003