Business Services Industry
The Miami Herald Money Matters Column.
Knight Ridder/Tribune Business News, September, 2002
By Harriet Johnson Brackey, The Miami Herald Knight Ridder/Tribune Business News
Sep. 15--Is your pension safe?
For traditional defined-benefit pensions -- which are funded by companies and insured -- I'd answer yes. But Wall Street has big concerns about them that should worry all investors.
And for 401(k) retirement savers, safety is unfortunately not a big part of the picture. It may stay that way for a while.
Uncertainty is just what there is right now.
So let's start with politics.
Washington doesn't seem anxious, anymore, to fix the 401(k) system.
All the wailing that followed Enron's collapse, the revelations about employees socking everything they had in one stock, about executives selling...
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