Labor & Economic News Blog


Tuesday, November 11, 2008

Companies lobby Congress for pension help

Companies lobby Congress for pension help
The firms want lawmakers to suspend part of a 2-year-old law that they say could force them to make job cuts as they shift scarce money into ailing retirement pools. With pension funds facing billions of dollars in shortfalls as markets plunge, companies including Ford and Verizon are pushing Congress to suspend portions of a 2-year old law they say could force them to make job cuts as they shift scarce money into ailing retirement pools.

 



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