Pension Plan Structures

Witnesses testified about the recent practice by many corporations to change from a traditional pension plan to a cash balance… read more

Witnesses testified about the recent practice by many corporations to change from a traditional pension plan to a cash balance system. Congressmen testified about the effect this practice has had on older workers and possible violation of age discrimination laws. Tax officials focused on any potential tax violations or issues that could occur from the change. Employees from IBM testified about the reduction in their pensions and the lack of information about the change. Officials from these corporations talked about the benefits of the cash balance system. They also focused on their decision to convert to cash balance to make the pension system affordable for the corporation. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Pension Plan Structures

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Program ID:
152240-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Sep 21, 1999
Last Aired:
Sep 22, 1999

Airing Details

  • Sep 21, 1999 | 9:35am EDT | C-SPAN 2
  • Sep 21, 1999 | 9:06pm EDT | C-SPAN 2
  • Sep 22, 1999 | 3:55am EDT | C-SPAN 2
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