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Pension law stirs confusion for pension fund managers
Washington report notes the new Employee Retirement Income Security Act injects heavy funding duties and broad fiduciary definitions, raising costs for firms like Amroval and Bethlehem Steel. Experts warn two years for guidelines and possible lawsuits as executives seek clarity on prudent investments and liability.
MENTIONED IN THIS ARTICLE
Edward J. Delehanty
Putnam Capital Services, Inc
Boston
New York
Red Sea
Congress
Michael B. Jones
Hewitt Associates
Amroval
Bethlehem Steel
Leonard Macias
Kwasha Lipton Co
New Jersey
Ballard
Vance Anderson
Anderson
Henry Rose
Gener Il
Pension Benefit Guaranty Corp