Thursday, December 08, 2005

Congress raiding pensions...

See here, and here.

The pension mess can be fixed in ways that don't rip off workers who have them.

Rip off? Right. Can you, in your 401(k) invest in hedge funds? ETFs? Trade actively?

If not, you're getting less of a return than someone with a pension that is funded from a fund being managed by someone managing tens or hundreds of millions of dollars.

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