Wednesday, June 21, 2006

Energy Dept. won't abandon pensions

It had sought to stop paying defined-benefit plans for contractors' new hires. Officials will review the issue.

Associated Press

Under pressure from labor unions and some members of Congress, the Department of Energy has reversed an earlier decision to cease paying defined-benefit pensions for newly hired employees of government contractors.

The changes would have applied to contractors who run a number of projects and research sites on the Energy Department's behalf, including the Sandia, Los Alamos and Lawrence Livermore national laboratories in New Mexico and California, Georgia's Savannah River nuclear weapons and materials site, and the Hanford nuclear-waste cleanup site in Washington state.

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Comments:
Yes...WHOM!!! is the sound an elephant makes when it farts.
 

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