Regulation of Private Pension Plans
Battle lines are being drawn by the federal government and the business community for a confrontation over regulation of private pension plans. Such business spokesmen as the U. S. Chamber of Commerce flatly deny that there is need for further government regulation. But the Johnson administration and some members of Congress insist that tighter regulation is required, and they are moving in that direction.
At the root of the controversy is the probability that perhaps as few as one in five of the more than 25 million persons now covered by private pension plans will ever receive any pension benefits. Most of the plans have provisions so restrictive that an eligible employee can disqualify himself for ultimate benefits in a variety ...