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Strategies & Market Trends : P&S and STO Death Blow's
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To: LTK007 who wrote (26261)1/26/2003 12:52:56 PM
From: DebtBomb  Read Replies (2) of 30712
 
U.S. pension agency loses $8 billion

Some lawmakers, including Democratic Rep. George Miller of California, have expressed fears that American retirement benefits are at risk, and urged hearings. In the Senate, Republican Charles Grassley of Iowa has expressed concern about the state of traditional pension plans.
Other lawmakers hope the difficulty will pass when the stock market resumes its upward climb and companies are better able to fund their own pensions plans as a result of getting better returns on their investments. But no one knows when this would happen.

msnbc.com
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