David M. Katz, CFO.com | US
March 31, 2006
For years everybody and their brother have been pontificating and changing the rules, with accountants lawyers, actuaries, economists and mainly politicians all coming up with worse answers each time. Any management that does not simply terminate or at least freeze their plan and institute a 401K in its place has no backbone and should be fired immediately. Then there won't be billions in liabilities funded by us taxpayers when these foolishly expensive plans are taken over by the PBGC and the politicians will have one less place to stick their collective noses into. Retirement funding should always be the resonsibility of the individual, not companies, not the government, period.
Posted by GARY CADEMARTORI | Mar 31, 2006 1:06 PM ET
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