Privatizing pension agency would benefit taxpayers

Freedom Newspapers The Pension Benefit Guaranty Corp. took another step down the slippery slope last week, according to an Associated Press story. The federal agency announced it has assumed the pension assets and claims of Falcon Products Inc., a manufacturer of commercial furniture. The two plans taken over by the agency cover about 2,300 current […]

Pension system would benefit from competition

Freedom Newspapers A House labor subcommittee has taken the first steps toward reforming the way private companies handle pensions. The issue has come increasingly to the fore in the wake of defaults in the troubled airline industry. United Airlines is scheduled to default on about $10 billion in pension obligations, of which $6.6 billion is […]