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Assumptions made by companies in valuing their pension plans are being investigated by the Securities and Exchange Commission. The suspicion is interests of shareholders are taking precedence over those of retirees.

Some of America's largest corporations are affected by the investigation, including General Motors, Ford Motor Co. and Delphi. The firms all declared the investigations in filings.

Moves that can boost earnings as well pension assumptions are being investigated.

Meanwhile the Financial Accounting Standards Board (FASB) is voting today on whether to start their own investigation.

The SEC has accused none of the companies of any wrongdoing.

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