2006 October 25 | Capital Flow Watch

RT @TheRightFacts: Hitler would be proud of modern Islam. It is the largest hate group in the world and operates in broad daylight. Trul ... >>
RT @fredthompson: Dem Rep gives scholarships to family; claims she "never heard of the rules" against. In that case, I've never heard of ... >>
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Insurance companies

New pension law stiffs workers

By John Schroy, on October 25th, 2006 |

The Pension Protection Act of 2006 uses a technical trick to dissuade retirees from transferring from company pension plans to privately insured plans. When a worker is stuck with an under-funded company plan, their lump-sum payment option has been effectively reduced by Congress. Not only workers, but life insurance companies are stiffed by this provision.

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