This position makes no sense; both programs serve retirees, so both should be accumulating reserves to deal with the baby boomers.

St. Paul said it had to accumulate reserves for potential worst-case scenarios.

Oil was one of the best ways in which you could accumulate financial reserves outside Russia.

"We are not accumulating reserves like the other countries."

A private pension fund that planned to pay the benefits these programs promise would be accumulating huge reserves.

Long enough for those agrarian types to settle in and accumulate reserves.

This limits the ability of an association to accumulate reserves.

Before this decade, banks tended to accumulate reserves gradually in a way that helped make profits more stable.

It would also shorten the time they can take to accumulate such reserves.

Not only do individuals accumulate reserves for precautionary purposes, but also sovereigns follow the same behavior.