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Pension Bill A Missed Opportunity

by Calif. Dem. Rep. George Miller - 07/27/06 3:09 PM ET

As the bill stands, it is a missed opportunity to provide for long-term retirement security for American workers and families. The bill was put together looking through a rear view mirror, as opposed to what the future role of the private sector would be for providing pensions. It doesn’t sufficiently deal with the underfunding of pension plans by corporations. It doesn’t deal with the taxpayer risk in the pension program.

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