Young workers, Wall Street, a couple of airlines and U.S. taxpayers could come out as winners in the pension changes made by Congress. But some older employees and others might not fare as well. The legislation passed by the Senate last week and sent to the president will, if successful, prod companies to fund pension plans properly but also reflects the reality that the traditional defined-benefit pension plan system is in decline. Here's how some of the major players in the legislation may be affected.
August 07, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Young workers, Wall Street, a couple of airlines and U.S. taxpayers could come out as winners in the pension changes made by Congress.
Some older employees, as well as truck drivers and construction workers hoping to retire early, might not fare as well.
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