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December 3, 2003

All Business: Pension legislation looks like 'lose-lose'

  • Should it pass, taxpayers along with perfectly healthy companies could get stuck footing at least some of the bill.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- Corporate pension legislation now before Congress may be a lose-lose scenario.

    Big stock losses during the bear market combined with low interest rates have left many companies with hefty funding gaps to fill in their pension plans. The government's proposed measures would stem those costs, at least for the immediate future.


     
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