Congress urged to restructure pension plans
The Clinton administration urged Congress to overhaul the nations pension plans to avoid a crisis akin to the S&L bailout While most plans are healthy underfunding rose from 27 billion in 1987 to 53 billion in 1992 PBGC faces a 2.9 billion deficit but has over 8 billion in assets Reich warned reform is needed to fund vested benefits within 15 years and boost PBGC scrutiny while not harming fully funded plans
MENTIONED IN THIS ARTICLE
Washington
Clinton
Congress
Pension Benefit Guaranty Corp
Robert Reich
Reich
S&l
Senate Finance Committee
Martin Slate
Slate
PBGC
Finance Committee
Vietnam Memorial may be replaced after cracks found
The Vietnam Veterans Memorial in Washington faces potential replacement of its black granite wall after hairline cracks. Vietnam Veterans Memorial Fund founder Jan Scruggs said a yearlong study will seek causes and likely thicker panels to resist temperature-related expansion. Coins authorized to raise 5 million dollars fund the study and replacement plans, with sale starting July 29.
MENTIONED IN THIS ARTICLE
Washington
Jan Scruggs
Scruggs
Congress
Scru
Cogee Fund
Vietnam
Vietnameterans Memorial Fund
U.S. Park Service
White House Helicopter Golf Ride Budget Dispute
The House rejected trimming the White House budget by 13 129.66 to cover a May 24 helicopter ride to Camp David and a round of golf at Holly Hills. Republicans sought more disclosure of government helicopter use as part of broader calls for transparency amid Clinton openness promises. Rep Roscoe Bartlett defended the provision as a necessary check on government travel.
MENTIONED IN THIS ARTICLE
Washington
Last Oath
Clinton
White House
David Watkins
Camp David
Holly Hills Country Club
New Market
Ite House
Roscoe Bartlett
R-Md
Also Mentioned on This Page
Labor
Daniel Patrick Moynihan
D-N.y
UPS
Fourth Street
Odessa
Texas
Odessa American
P.O
Harvey J. Durbin, Jr
E. University
Andrews Hwy
Midland
Famous Collectibles Makers
California
America
Dillard's Woman
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!