What about the workers, George?

IIPM PUBLICATION
At last, a bill that could reduce US pension deficits worth $22.5 billion was passed by the Senate with an overwhelming majority on August 3, 2006. The US pension system and tax cut bill that was introduced by the Bush administration in order to check heavy deficits to Pension Benefit Guaranty (the federal pension corporation) was approved with an overwhelming majority of 93-5. The legislation is a significant reform measure, introduced by the US government in recent times due to the very fact that reforms in the nation’s pension laws haven’t witnessed a change in the last 32 years.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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