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Industry Groups' Letter to Key Senate Committees Refuting Administration's Pension Funding Concerns (PDF)
American Benefits Council
[Opinion] Dec. 9, 2008 7 pages. "We understand that certain executive branch representatives have raised some concerns regarding workers' benefits and the [PBGC] in a document entitled 'Concerns about the Pending Pension Funding Relief Bill'. However, it is actually because of concerns for workers and the PBGC that we strongly urge Congress to immediately pass legislation that would address the current crisis. Workers and the PBGC will only be protected if we protect companies from massive unforeseen contribution increases that can trigger plan freezes, layoffs, and, in some cases, company bankruptcies." [The same letter was also sent to Key House Committees and to the Congressional Leadership.] MORE >> |
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