Wednesday, February 01, 2006
Big Changes For Pensions Ahead
If, like the majority of U.S. workers, your only pension plan is a 401(k), you might not have paid much notice to the pension reform bills the House and Senate passed late last year.
After all, debate about these bills has focused on how Congress can prevent more companies from dumping their underfunded defined benefit pension plans into the Pension Benefit Guaranty Corp.'s lap. The PBGC’s $23 billion deficit is likely to grow if bankrupt carriers Delta Air Lines and Northwest Airlines follow the lead of US Airways and UAL and abandon their plans to the government insurer. (When United emerges from bankruptcy this week and begins trading on Thursday on Nasdaq as UAUA, the PBGC will own a big chunk.)
Big Changes For Pensions Ahead
Source: Forbes.com
After all, debate about these bills has focused on how Congress can prevent more companies from dumping their underfunded defined benefit pension plans into the Pension Benefit Guaranty Corp.'s lap. The PBGC’s $23 billion deficit is likely to grow if bankrupt carriers Delta Air Lines and Northwest Airlines follow the lead of US Airways and UAL and abandon their plans to the government insurer. (When United emerges from bankruptcy this week and begins trading on Thursday on Nasdaq as UAUA, the PBGC will own a big chunk.)
Big Changes For Pensions Ahead
Source: Forbes.com
Permalink posted by armandn @ 12:47 PM 
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