How To Really Protect Pensions

Asking corporations to pay more to the Pension Benefit Guaranty Corp. is only going to jeopardize those companies that are trying to survive in today's difficult economy ("Harsh medicine for ailing pension plans," Government, Sept. 19). I suggest that Congress pass a law that gives the pensioner--rather than stockholders and creditors--first claim on the assets of a bankrupt company. That would protect the pensioner and cause stockholders to make sure that corporate pension plans were fully funded.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.