Benefits Committee Supports Women's Pension Law.
"Women represent 36 percent of all corporate finance executives and more than 10 percent of all CFOs in the United States," the letter observes. "This number is growing and will continue to grow as America moves into the New Economy of the 21st Century. As the premier financial professional association, FEI recognizes the imperative to make equitable retirement security for all females. The POWER Act will successfully accomplish this goal."
The committee has cited two provisions in the proposed law for special mention: the increase in benefit and compensation limits, and the repeal of portability restrictions.
"FEI believes that these provisions could significantly improve the position of women with regard to retirement security and encourage employers to provide pension benefits," the letter states.
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|Title Annotation:||Financial Executives Institute|
|Article Type:||Brief Article|
|Date:||Jul 1, 2000|
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