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Employer Stock in Retirement Plans: Bills in the 107th Congress

Description: In the wake of the bankruptcy of Enron Corporation, numerous bills have been introduced in the 107th Congress with the intent of protecting workers from the financial losses that employees risk when they invest a large proportion of their retirement savings in securities issued by their employers. Legislative proposals include some that would directly regulate the proportion of employees’ retirement savings that can be comprised of employer securities, and others that would encourage education … more
Date: March 28, 2002
Creator: Purcell, Patrick J.
Partner: UNT Libraries Government Documents Department
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Civil Service Retirement Bills in the 106th Congress

Description: Among the civil service retirement issues addressed in bills introduced thus far in the 106th Congress are the correction of retirement coverage errors for federal employees assigned to the wrong retirement system; immediate eligibility for federal employees to participate in the Thrift Savings Plan (TSP); improved portability of pension benefits; and repeal of the temporary increase in employee retirement contributions that was mandated by the Balanced Budget Act of 1997. Other bills would exp… more
Date: June 28, 2000
Creator: Purcell, Patrick J.
Partner: UNT Libraries Government Documents Department
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Employer Stock in Retirement Plans: Investment Risk and Retirement Security

Description: This CRS Report begins by describing the shift from traditional defined benefit pensions to defined contribution plans – like the 401(k) – that has occurred over the last 20 to 25 years. It then summarizes recent research findings on the extent to which employees’ retirement savings are invested in employer stock. The third section of the report outlines the provisions of federal law that define an employer’s duty to manage its retirement plan in the best interest of the plan’s participants. Th… more
Date: January 28, 2003
Creator: Purcell, Patrick J.
Partner: UNT Libraries Government Documents Department
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