Assuming they will be willing at some time to provide a funding vehicle on a tax-preferred basis, I think they will demand minimum standards for vesting, participation, and funding at the same time.
GULOTTA: Yes, vesting is a sensitive issue, and, in considering tax-favored funding, Congress may be affected by whether or not there is individual vesting of benefits.
Also, in the long run, we may be better off with minimum funding standards, for when you look at the unfunded pension benefits versus the unfunded health benefits, you have a much bigger problem on the health side than you do on the pension side.
What if tax-advantaged funding is made available to corporations, but the medical benefits themselves become taxable to the individuals receiving the benefits?
SALISBURY: Five years ago, corporations probably could have obtained that kind of trade-off-the ability to create funding in return for so-called ERISAfication.
And what are the most effective funding vehicles, and under what scenarios will they get the present value advantage?
They wanted to talk about the funding of the postretirement benefit obligations.