Private Pension and Retiree Health Benefits: Underserving Today's Retirees, Retreating from Tomorrow's? : Hearing Before the Subcommittee on Retirement Income and Employment of the Select Committee on Aging, House of Representatives, One Hundred First Congress, Second Session, July 27, 1990

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Page 133 - Conclusions or recommendations in The Institute's publications are solely those of the author, and should not be attributed to the Board of Directors, Council of Trustees, or contributors to The Institute.
Page 209 - United States does not now have a cohesive pension policy. Instead, a patchwork of unfair and inadequate programs leaves millions of Americans in a life of bare subsistence and quiet desperation. To correct the absence of a comprehensive approach to retirement income, the blue-ribbon President's Commission on Pension Policy was created two years ago. The Commission's mandate was to develop effective and equitable retirement income policies for the nation. The members of the President's Commission...
Page 53 - Mr. Chairman, Members of the Subcommittee, I am Karen w. Ferguson, Director of the Pension Rights Center. The Center is a nonprofit...
Page 11 - Our best preliminary estimates, based on Department of Labor and US Census Bureau data, indicate that preretirement spending of accumulated pension plan savings may represent up to two-thirds of all portability losses. Clearly, the preretirement distribution of retirement savings is another matter that needs to be addressed by pension policy. POWER PROPOSAL On April...
Page 133 - The views expressed in this statement are solely those of the author and should not be attributed to the Employee Benefit Research Institute...
Page 13 - I will be happy to answer any questions you may have. Mr. HUGHES. Thank you very much, Mr.
Page 215 - ... important component of retirement income * * *. "Aside from the importance of savings to the income of the retired, savings also play an important role in the economy because it is a source of capital." STATUS OF PRIVATE PENSION PLANS "* * * the rate of pension growth has slowed significantly * * *. "The most serious problem facing our retirement system today is the lack of pension coverage among private sector workers...
Page 79 - For example, when LTV, one of the largest companies in the United States, filed for bankruptcy in July 1986, it attempted to terminate health benefits to over 78,000 retirees.

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