Pension Plan Structures
Witnesses testified about the recent practice by many corporations to change from a traditional pension plan to a cash balance system. Congr… read more
Witnesses testified about the recent practice by many corporations to change from a traditional pension plan to a cash balance system. Congressmen testified about the effect this practice has had on older workers and possible violation of age discrimination laws. Tax officials focused on any potential tax violations or issues that could occur from the change. Employees from IBM testified about the reduction in their pensions and the lack of information about the change. Officials from these corporations talked about the benefits of the cash balance system. They also focused on their decision to convert to cash balance to make the pension system affordable for the corporation. close
People in this video
-
Lawrence Lorber Attorney
-
John Woyke Attorney
Hosting Organization
Related Video
-
Corporate Pensions
Representative Bernie Sanders(I-VT) talked about why government should be involved in private corporation pension plans.…
-
Pension Laws
President Bush spoke to Republicans at a Congressional retreat. He focused on changes in how 401K and pension plans are …
-
Workers' Pension Plans
Joined by several administration officials, President Bill Clinton announced several new initiatives to help small busin…
-
Pension Plan Policies
Mr. Salisbury talked about various pension plans, the difference between “defined benefit” programs and other types of p…