11.   So far, though, it has merely created a new sort of mess, with pension obligations fragmented among municipalities, rather than among firms.

12.   The pension obligations at some point will come due and future generations will have to meet them.

13.   They contended that the measure would free capital for investment while maintaining an adequate cushion to insure that companies could meet their pension obligations.

14.   Until the changes adopted by Mrs. Whitman, New Jersey had been very conservative in its approach to its pension obligations.

15.   Even larger Chinese firms are balking at orders to acquire and revitalize chronically unprofitable state-owned firms burdened with huge debts, bloated payrolls and heavy pension obligations.

16.   Kazakstan faced difficulties in meeting its pension obligations following the break-up of the former Soviet Union, to which its economy was closely linked.

17.   Unfunded pension obligations in other countries could become a burden for British taxpayers if the nation joins in a single European currency, a parliamentary committee reported Thursday.

18.   Nor would the new company assume extra pension obligations, he said.