Labor & Economic News Blog
Thursday, August 17, 2006
Will the Pension Protection Act Do the Job?
Will the Pension Protection Act Do the Job?NPR audio:
President Bush signs the Pension Protection Act of 2006, which he calls the biggest reform of the nation's pension system in more than three decades. The legislation is designed to strengthen the government's deficit-ridden pension insurance program. But some companies say the stricter funding requirements could push more firms to dump pension programs in favor of 401(k) programs.
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