Retirement Accounts

Before recessing for summer vacation, who can tell when they are on vacation when they were in session less than 90 days so far this year, continued the erosion of the middle class. It seems they passed the long overdue pension reform bill. Have they gone so far as to kill company funded retirement accounts all together?

Let's exam some of the key points of the bill. Companies must have there funds fully funded in the next seven years. That means as of today these companies must come up with over $22 billion collectively just to get back to where they should be. Can you see more jobs being exported to fun it?

It give airlines extra time to fund their accounts, all when they are going to the courst to break thier pension funds for the sake of competetiveness, United Airlines is a prime example. Some companie smay have up to 30 years to bring up their balance to proper levels.

It does have a positive aspect when it comes to these over paid top execs, it severely curtails their participation if their company has underfunded thier pension accounts by more than 20%.

Will these requirement meant to protect the worker actually do more harm?