US: a little bit of candor

[Eubulides <paraconsistent@xxxxxxxxxxx>]

"Today, only 35,000 companies provide defined benefit pension plans,
which is less than a quarter of the plans available 20 years ago. That
is a big loss. Given the volatility we have seen in the stock market
over the last few years, more employees would benefit from having the
opportunity to earn secure, predictable pension benefits.
  I stand ready to work with my colleagues to address the other
important issues facing companies that are interested in providing
defined benefit pension plans. For example, Congress ought to
reconsider the funding rules to ensure that companies are able to
invest appropriately in their pension plans when business is good and
profits are strong. We also need to consider ways to strengthen the
Pension Benefit Guaranty Corporation which, to say the very least, is
stretched dangerously thin." ['Pete' Rockefeller]
http://frwebgate4.access.gpo.gov/cgi-bin/waisgate.cgi?WAISdocID=78349625452+9+0+0&WAISaction=retrieve
[Congressional Record: January 27, 2004 (Senate)]
[Page S270-S278]
>From the Congressional Record Online via GPO Access [wais.access.gpo.gov]
[DOCID:cr27ja04-112]