The American Benefits Council, representing companies that either directly sponsor or provide services to retirement and health plans covering more than 100 million Americans, believes that it is critical that pension reform legislation be enacted this year.

323

I fully expect that Congress will iron out the differences. With Social Security reform a bust, pension reform is a must.

220

Survey after survey finds people are underestimating what they need for a financially secure retirement.

214

These rigid percentage caps on stock create all kinds of problems. You're discouraging employer matching, and you're imposing rules on how individuals should invest their money.

184

From our perspective, all savings is good, and I'm loathe to criticize it until we see detailed plans. But the main question it raises is to what extent does this encourage or discourage long-term savings?

183

This is just a continuation of a trend amongst many companies that have moved away from defined-benefit plans as a principal source of retirement income.

142

It is important that they keep working on it. There is still time to get it done.

116

More and more companies are discovering that defined-benefit plans are not well-suited to their business realities, their future and the nature of their work force management. We've had a lot of companies terminating for quite some time, and freezing activity has gathered steam as well.

112