Mr. Bradley D. Belt, Executive Director of the Pension Benefit Guaranty Corporation, testifies to the Senate Committee on Finance that much has happened to bolster the case to enact the Bush administration’s reform proposal as promptly as possible.
Belt states that the amount of under-funding of pensions grew from 279 billion dollars to 354 billion dollars. He also says that weaker companies including many in the automobile industry are dramatically under-funding their employee pension plans. (1:23)
June 8, 2005
Categories
Latest Audio
Happening Now - TRNS on Twitter
- @jackrice: U.S. Capitol, 2009 [pic] http://ff.im/-b7yEP -- 6 hours ago
- @jackrice: U.S. House Passes Abortion Amendment to Health Insurance Reform. http://ff.im/-b7uae -- 7 hours ago
- @jackrice: House Erupts in Applause with 218 Votes. http://ff.im/-b7uad -- 7 hours ago
- @jackrice: Will Health Insurance Reform Happen? http://ff.im/-b7uaf -- 7 hours ago
- @jackrice: House Passes Health Insurance Bill. http://ff.im/-b7uac -- 7 hours ago
- @jackrice: House Passes Health Insurance Bill. http://bit.ly/1r7S1d -- 8 hours ago
- @jackrice: House Erupts in Applause with 218 Votes. http://bit.ly/MoW0j -- 8 hours ago
- @jackrice: Will Health Insurance Reform Happen? http://bit.ly/3IZrk9 -- 8 hours ago
- @jackrice: House of Reps is voting on history. For once, voting for health insurance reform is vote for the people. This is about patriotism. -- 9 hours ago
- @jackrice: I'm listening to the soundtrack of Kill Bill, Vol.1. Damn, this thing is great. -- 14 hours ago