Should Pension Law Do More to Protect Retirement Savings? Wall Street Journal (01/14/02) Vol. 32, No. 1 p.A20; Schultz, Ellen E.
Since the Enron debacle, lawmakers have been struggling with the notion that the pension laws should be changed to include more protections for employees and their retirement savings. The American Benefits Council contends that the Enron case is unique and that the pension system has been successful, but lawmakers are considering limitations on company owned stock. Often businesses contribute to employee pension plans via company stock, but as employees purchase more stock, their portfolio is no longer diversified and thus susceptible to collapse.