New Law Makes It Easier to Take Your Company's Money

Summary


In the 1980s, when traditional company pension plans were the norm, participation in 401(k) plans among eligible workers was less than 40 percent. Today, as major employers abandon high-cost pension plans, that figure is closer to 70 percent.

Some believe participation rates, particularly among lower- income workers, will rise above 90 percent with help from the Pension Protection Act of 2006, signed this year by President Bush.

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Extract


New Law Makes It Easier to Take Your Company's Money

The law has several provisions for people already enrolled in 4...

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