Pension policy is moving to center stage of American politics at the Democratic National Convention this week, with many speakers promising to enhance retirement income security.
- Senate Minority Leader Tom Daschle said Democrats want to make it easier for millions of American workers to get a pension and to ``protect the pensions of people who have earned them.''
- House Minority Leader Richard Gephardt said ``corporations should be loyal to their employees and to their communities and share profits with the workers who create them.'' And to plan sponsors who might not invest assets in participants' best interest, Mr. Gephardt added workers ``deserve to see the pensions they earned protected. It's their money, not the company's.''
- AFL-CIO President John J. Sweeney said workers are worried about retirement security because of employers downsizing and cutting benefits.