Chamber Launches Pension Coalition

The U.S. Chamber of Commerce announced the formation of a broad, national coalition across industry sectors to advance retirement security through the voluntary, employer-sponsored plan system. According to Randel K. Johnson, vice president of labor, immigration and employee benefits policy, "[i]n the face of an aging workforce and an international competitive environment, there are serious challenges facing the employer provided retirement system, particularly in the defined benefit area.”

Source: News Release U.S. Chamber of Commerce (February 17, 2005)