Senate approves overhaul of U.S. pension system
Senate approves overhaul of U.S. pension system
The U.S. Senate last night approved a massive overhaul of the nation's pension system. The legislation, which now heads to the White House for President George W. Bush's signature, adds funding requirements for companies with traditional pension plans, strengthens the pension insurance system and loosens the rules that prevent financial service companies from providing individual advice to 401(k) investors.
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The U.S. Senate last night approved a massive overhaul of the nation's pension system. The legislation, which now heads to the White House for President George W. Bush's signature, adds funding requirements for companies with traditional pension plans, strengthens the pension insurance system and loosens the rules that prevent financial service companies from providing individual advice to 401(k) investors.
Full Story
posted by Victor Lloyd Smith @ 12:17 PM
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