Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Pension Plan Conversions Could Hurt Older Workers

The Bush administration prepares to lift a moratorium on a new, controversial type of pension, the cash-balance plan. The Treasury Department has released regulations indicating what companies must do when converting pensions to cash-balance. Companies with large numbers of older workers are especially interested. Critics say lifting the moratorium will lead to a flood of conversions that will hurt older workers. NPR's Jim Zarroli reports.

Copyright 2002 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.