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Pension protections eyed as lawmakers push for safeguards
Congress weighs tighter controls on pension plan terminations as corporate use of surplus assets grows. Sen. Nancy Kassebaum argues funds must stay in pensions, while Coleman Co. faces scrutiny over its proposed use of excess assets for expansion and employee benefits.
MENTIONED IN THIS ARTICLE
Washington
Congress
Nancy Kassebaum
R-Kan
Coleman Co
Kassebaum
Kansas
Howard Metzenbaum
Ohio
Senate
Howard Gittis
Senate Labor Subcommittee
Coleman
Wichita
Pension Benefit Guaranty Corp
Panies
Labor Department
Metzenbaum