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ERIC Statement on Passage of Harkin Cash Balance Amendment
The ERISA Industry Committee [ERIC] 
Nov. 14, 2003
Excerpt: 'In offering his amendment, Senator Harkin said that he did not want to hurt cash balance plans. But that is precisely what he did. The current absence of a regulatory framework has exposed employers to misguided lawsuits directly attributable to the regulatory chaos. In the end, it's the employees who lose at the expense of the trial lawyers' [said Mark Ugoretz, president of ERIC.]
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