Show Congress Eyes Pensions One of the important bills offered in this Congress is that by Senator Harrison Williams and Senator Jacob Javits affecting private pension plans applying to millions of American THE BILL would remedy what has been revealed as an often-scandalous situation in the private industry pension A careful study of the problem was made by a subcommittee of the Senate Labor and Welfare In the study showed many pension plans turn out to be in that workers can be fired after fifteen or twenty years and lose all that they often lose all rights if they move or change if the plant in which they work if unemployed more than a certain length of STUDY showed some major pension funds end up paying only a small fraction of the people who have paid to be sometimes than five In addition there have been many cases of irresponsible management of the large pension there's urgent need for close federal supervision of corrective rules and regulations applying to pension funds to insure that Americans are not victimized by fine print and sharp practices now associated with pension funds which many have depended upon to afford them a decent life in retirement after a lifetime of |