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| Memorandum: Sen. Chuck Grassley Comments on Substance of Pension Legislation Currently Being Drafted (PDF) Committee on Finance, U.S. Senate, via The ERISA Industry Committee  [Opinion] June 10, 2005 9 pages. Excerpt: "[W]e need completely new rules requiring accurate measurement of pension liabilities and full funding of all pension plans. The legislation I'm drafting will do just that. It'll adopt the Administration's yield curve proposal and eliminate the so-called 'smoothing' techniques that let companies hide massive pension losses from their employees and the public at large." |
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