Pension Plan Conversions Could Hurt Older Workers 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.
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Pension Plan Conversions Could Hurt Older Workers

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Pension Plan Conversions Could Hurt Older Workers

Pension Plan Conversions Could Hurt Older Workers

Pension Plan Conversions Could Hurt Older Workers

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  • <iframe src="https://www.npr.org/player/embed/873266/873267" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

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.