A 30 percent boost

Many savvy investors already know that pensions are one of the best earnings sweeteners around (for a more in-depth discussion of pensions, see Chapter 7, Pensions in Wonderland). But a new study by two Federal Reserve Board economists shows just how sweet pension profits can be. The economists found that some stocks were inflated by as much as 30 percent because of pension gains. The study, which will be released soon by the Brookings Institute was first reported by Dow Jones Newswires.