"Recent economic turmoil has had a devastating effect on defined benefit pension plans due to a combination of dropping asset values and credit market strains. As a result pension obligations have ballooned unpredictably since earlier in 2008. This in turn is forcing companies to set aside enormous amounts of cash that they would otherwise invest in job creation and business growth and thus is severely hampering economic recovery. A few changes to the Pension Protection Act (PPA) would largely address the problems ..."  MORE >>