ABC Evening News for Monday, Sep 02, 1974
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) Union leaders, business representatives and Congress members meet at White House as President Ford signs pension reform act.
REPORTER: Howard K. Smith
(DC) Ford endorses 1st page of massive document. [FORD - calls it historic Labor Day. Give workers greater certainty.] Ford hands out pens. Law affects 400,000 existing pension plans.
REPORTER: Tom Jarriel
(DC) 30-35 million Americans to be affected. Anyone over 25 with 5 years service will have vested pension rights insured by government [Senator Lloyd BENTSEN - tells of example where man lost pension.] Bill encourages new pension plans. [Senator Jacob JAVITS - says bill encourages private companies to set up pension plans.] Benefits may be transferred. Labor Department to enforce act.
REPORTER: Jim Kincaid
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.