Nixon proposes broad pension reforms to boost retirement security
President Nixon unveils a plan allowing workers to deduct up to 20 percent of 1500 dollars from taxable income for pension contributions and guarantees vesting rights. The package aims to extend private retirement saving, expand deductions for self employed, and extend coverage beyond current private plans.
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Public optimistic on Nixon plan but recession worries persist
A Harris poll of 2,004 households finds 49 to 2 percent believe Nixon's economic plan is moving the country toward recovery while 56 to 27 percent think the U.S. remains in a recession. Consumers' confidence could delay recovery as many postpone major purchases amid uncertain times.
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