Law to boost pension costs at companies

[G2099]

Ohio utility American Electric Power, for instance, would have to pay $143 million into its retirement accounts if the legislation were in force this year, up from an expected contribution of $8 million it will actually pay , a 1,683 percent increase, the report found.

Also, they found, New Jersey drug maker Johnson & Johnson would have to pay $659 million, up from $37 million , and International Paper Co. of Tennessee would have to raise spending to $473 million from $34 million.

http://www.boston.com/business/globe/articles/2006/08/19/law_to_boost_pension_costs_at_companies/

Is the resident trying to put retirement funds out of business?

[antigop]

1. The Senate Dems sold us out -- see my previous post

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=364&topic_id=1927402&mesg_id=1927704

Look at the Senate roll call.

The House Democrats put up a fight. The Senate Dems rolled over and sold us out.

Ted Kennedy fan no more.