Archive for October 25th, 2006

New Pension Law Stiffs Workers … and Insurance Companies

As expected, the Pandora’s box called the “Pension Protection Act of 2006” is full of nasty surprises. The Wall Street Journal (October 25, 2020) reported that the new “Pension Law Shrinks Lump-Sum Payments” to workers. See: New Pension Laws Will Alter Capital Flows Here is how Congress managed to cheat American workers: Under the old law, when […]

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