PBGC in new administration spotlight
Article Abstract:
The Pension Benefit Guarantee Corp (PBGC), the federal agency that insures the retirement benefits of Americans, is in dire financial straits. The agency's deficit is placed at $2.5 billion, and is predicted to shoot up to $45 billion over a 30-year period if companies will not funnel more money into their plans. For the PBGC to survive, the 103rd Congress and the Clinton administration need to increase the minimum funding rules, reduce its liberal guarantees and improve its standing in bankruptcy proceedings.
Publication Name: Pension World
Subject: Human resources and labor relations
ISSN: 0098-1753
Year: 1993
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Pryor bill aims at heart of pharm industry
Article Abstract:
The US Congress is moving to restrict the pharmaceutical industry's price increases and tax breaks. Sen David Pryor has introduced a bill intended to stop the industry from 'price gouging and stealing.' The move comes amid charges that drug manufacturers have raised prices more than necessary, that the industry's profit marrgin is three times higher than the average Fortune 500 company and that drug prices in the US are 33% higher than in Canada and 40% more than those in Europe.
Publication Name: Pension World
Subject: Human resources and labor relations
ISSN: 0098-1753
Year: 1993
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Heart of the matter
Article Abstract:
The UK government is focussing on lifestyle in its bid to reduce deaths by coronary heart disease, which caused 26% of deaths in 1991. Research in both the UK and Sweden showed that individuals who led healthy lives were adversely affected by workplace factors, and could have developed heart disease. Other factors such as boring jobs, chemical hazards, overwork and likelihood of job loss could also contribute to development of heart disease.
Publication Name: Health & Safety at Work
Subject: Human resources and labor relations
ISSN: 0141-8246
Year: 1993
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