America's Pensions
Witnesses testified regarding the security and solvency of private pension funds in America. Senators expressed concern that that the federa… read more
Witnesses testified regarding the security and solvency of private pension funds in America. Senators expressed concern that that the federal government would be forced to pay if the Pension Benefit Guaranty Corporation failed. Emphasis was placed on avoiding this situation, and comparisons were made to the savings and loan bailout of the late 1980s, which cost taxpayers approximately $120 billion. Witnesses talked about the problems facing pension funds and possible changes in relevant rules and regulations. close
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Melvin Schmeiser Retiree
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