http://www.philly.com/mld/inquirer/business/14811632.htmSome of the 1,800-plus that switched plans have sought protection from older workers' lawsuits.
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Federal pension legislation probably will not include the retroactive protection from lawsuits that companies such as International Business Machines Corp., Bank of America Corp. and AT&T Inc. want, House Majority Leader John Boehner said yesterday
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IBM, AT&T, and 37 other companies signed a Jan. 4 letter to House and Senate members calling on them to provide "comprehensive clarification of the basic age-discrimination standard for defined-benefit plans that provides legal certainty for all existing and future hybrid plans.
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Moderators, please note:
Boehner's statements were made yesterday (which would not qualify for LBN) but were not reported on until today. The article has a date of today June 14.