Many of these changes are long overdue and will bring the pension system in line with today's work force.
If we had an anti-business Congress that went after pension reform aggressively, it could have a devastating impact on Wall Street.
But pension accounting is awfully complicated and it's an awfully big company, so it's not surprising the markets would get a little spooked by it.
There's just such an enormous demand from pension funds and insurance companies to match their assets with the liabilities of the boomer generation.