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Excerpts from Statements Regarding Hybrid Plans during Senate Debate on H. R. 4 on August 3, 2006 (PDF)
American Benefits CouncilLink to more items from this source
[Opinion]
Aug. 17, 2006
6 pages. Excerpt: KENNEDY: Our legislation also addresses new types of pensions, like 'hybrid' pensions, which play a growing role in our retirement system. These pensions provide a guaranteed pension, and the benefits are attractive to younger workers and to others, such as parents caring for children, who move in and out of the workforce. Older workers, however, can lose out when their companies switch to these plans because they lose a large portion of the benefits they were promised.

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