NBC Evening News for Sunday, Mar 19, 1972
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(Studio) In DC, Senator labor committee investigates bill on pension funds. 30 million Americans belong to company pension plans, but many never collect money, having changed jobs or firm having gone out of business.
REPORTER: Garrick Utley
(Johnstown, Pennsylvania) Brick factory shut down last year leaving workers without pensions. [Retired worker, Joseph POLKA - 75 years old, says living is tough without $95/mo. pension, discontinued when factory closed.] [Retired worker, Frederick ALBERTER - says loss of pension makes a great difference.]
REPORTER: Irving R. Levine
(DC) At congress hearings, on pension fund injustices, people complain of having to leave company a few years short of retirement, thus ineligible to collect pension. [Retired steel worker, John SAWYER - had a heart attack, now has diabetes, and has no pension.] Congress considers regulating pension plans.