Wednesday, May 25, 2005

Who Owns What in the Ownership Society?

If your pension plan's in trouble, you're out of luck trying to find out about it. A 1994 law keeps the information secret from people who are counting on the pension for retirement.

The law requires companies tell the Pension Benefit Guaranty Corp that the pension plan may be in trouble. That's because the PBGC is the federal agency that insures pension plans. But the same law forbids the PBGC from telling anyone else about the info they get. (MSNBC)

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