As House and Senate lawmakers ready pension reform proposals, the PBGC’s Bradley Belt is bluntly telling big business what it must do: keep plans funded at all times. But will the pressure on corporations just make them abandon the defined-benefit system altogether?
Articles by Mark Jr.
Companies counted on the bull market of the 1990s to bring in big returns and sustain their programs.
Chubb, Gannett, Pitney Bowes and Pepsico are among the guinea pigs.
But the business community’s firm opposition to such measures has kept proposals from becoming law.