The same day a federal agency assumed control of United Airlines' pension plans, House Republicans advanced legislation aimed at reducing similar defaults in the future. The House Committee on Education and the Workforce, in a roll-call Thursday that Democrats protested by voting "present," approved a bill that, among other steps, requires corporations to use a new interest rate when measuring their future pension obligations.
July 05, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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