Pension Reform Today and in 1974

Research Report

Pension Reform Today and in 1974

March 11, 2002


In the early 1970s, a Democratic Congress and a Republican President (Nixon) became concerned about the lack of pension funding, vesting, and coverage for most Americans. They decided to do something about it. This president and Congress, I believe, are not less qualified or less concerned with the public good than elected officials in the early 1970s. But today they are much less likely to undertake major reform.

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