The growing employee pension default rate

By Arthur Page

Release Date: September 18, 2005 This content is archived.

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An article in The New York Times on the growing number of companies that are defaulting employee pension plans quotes James A. Wooten, professor of law and a pension-law historian, who says that Congress knew it was creating an imperfect system when it established the pension corporation in 1974, and that it expected to make improvements later. Go to article.