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AT&T faces long-term retirement liabilities

AT&T's retirement obligations, dating back its days in the Ma Bell conglomerate, continue to create long-term problems for the telecommunications giant.

By Andy Stonehouse | Updated on January 18, 2013

Telecommunications giant AT&T will have to deal with a massive charge as a result of new accounting related to its company retirement benefits.

According to the Wall Street Journal, the company has announced a $10 billion loss in the fourth quarter, related directly to long-term pension and post-retirement benefits the company promised over its many years before the wireless revolution – and the low interest rates which have limited pension investment earnings.

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