Overhaul of Pension-Funding Rules Sought

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00002024-overhaul-of-pension-funding-rules-sought/

WASHINGTON ? Fearing that airlines and other struggling industries could present the country with its next S&L crisis, Congress and the White House are pushing an overhaul of pension-funding rules that has been overshadowed by Social Security.

The heads of three major airlines were called to appear Tuesday before the Senate Finance Committee. Its leaders are alarmed that the Pension Benefit Guaranty Corp. the federal agency that insures private pension plans already has a $23.3 billion deficit because of defaults.

For this complete story, please visit Overhaul of Pension-Funding Rules Sought.

Overhaul of Pension-Funding Rules Sought

Unknown Author

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