e-edition eEdition Subscribe Log in
Saturday, October 12, 2024
70.0°F
<p>FILE - In this July 6, 2012 file photo, President Barack Obama signs the Surface Transportation Bill, in the East Room of the White House in Washington. A new law reduces by billions of dollars what companies have to contribute to their pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement. But with many companies already freezing or getting rid of pension plans, critics are reluctant to force the issue or even make much of a fuss. (AP Photo/Pablo Martinez Monsivais, File)</p>

<p>FILE - In this July 6, 2012 file photo, President Barack Obama signs the Surface Transportation Bill, in the East Room of the White House in Washington. A new law reduces by billions of dollars what companies have to contribute to their pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement. But with many companies already freezing or getting rid of pension plans, critics are reluctant to force the issue or even …

July 10, 2012

Stories this photo appears in:

New law gives U.S. companies a break on pensions
July 10, 2012 9:15 p.m.

New law gives U.S. companies a break on pensions

Changes raise concerns about weakening the plans Americans count on for retirement

WASHINGTON - A new law will let companies contribute billions of dollars less to their workers' pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.