Monday, July 9, 2012

New law gives US companies a break on pensions

http://hosted.ap.org/dynamic/stories/U/US_PENSION_WORRIES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-07-09-13-32-46

A new law will let companies contribute billions of dollars less to their workers' pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.

But with many companies already freezing or getting rid of pension plans, many critics are reluctant to force the issue.

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