Labor/Employment
Jan. 11, 2003
Shrinking Pensions
Forum Column - By Kenneth J. Theisen - On Dec. 11, 2002, the Treasury Department proposed regulations that would allow companies to avoid age-discrimination lawsuits when they convert traditional pension retirement benefit plans to cash balance plans. Since 1999, there has been a moratorium on Internal Revenue Service approval of such conversions. What impact will these new regulations have on retired workers if they become law?
By Kenneth J. Theisen
On Dec. 11, 2002, the Treasury Department proposed regulations that would allow companies to avoid age-discrimination lawsuits when they convert traditional pens...
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