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Pension Plan Conversions Could Hurt Older Workers

Only Available in Archive Formats.
Pension Plan Conversions Could Hurt Older Workers

Business

Pension Plan Conversions Could Hurt Older Workers

Pension Plan Conversions Could Hurt Older Workers

Only Available in Archive Formats.

The Bush administration prepares to lift a moratorium on a new, controversial type of pension, the cash-balance plan. The Treasury Department has released regulations indicating what companies must do when converting pensions to cash-balance. Companies with large numbers of older workers are especially interested. Critics say lifting the moratorium will lead to a flood of conversions that will hurt older workers. NPR's Jim Zarroli reports.