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Lobbying by employers I would guess - this is strictly verboten in the UK due to various reasons, Robert Maxwell plundering of his company's schemes for example
by walshemj 8y ago
Lobbying by employers I would guess - this is strictly verboten in the UK due to various reasons, Robert Maxwell plundering of his company's schemes for example.
I am surprised that post enron that US pensions where not reformed.
- ghaff 8y agoYou're conflating 401(k)s and pensions. 401(k) accounts are in employees' own brokerage accounts. The company can't touch them. All the company does is decide what funds and stocks to make available, do payroll deduction, and contribute whatever matching. Defined benefit pensions are different and are much less common than they used to be. So mostly they have been reformed by ceasing to exist in the US. There are various protections for pensions but they're still an issue--especially in municipalities with financial issues. ADDED: And there's actually a lot of sensitivity these days to 401(k) options that are perceived as risky. Such as a company's own stock.