Is your pension plan safe?

http://www.mslaw.edu

Why are pension plans failing at an alarming rate? Join in as John C. Bogle, founder of the Vanguard Group, Inc. and president of the Bogle Financial Markets Research Center, sits down for an interview on the television show Books of Our Time with host Lawrence R. Velvel, Dean of the Massachusetts School of Law. The intereview focuses on Bogle's new book "Battle for the Soul of Capitalism." In this clip problems with corporate pension plans are discussed. Bogle states that corporate executives have realized it is "easier to build expectations then it is to build companies." Bogle suggests an interesting and personal view on the reasoning for the pension deficits and ultimately the failure of pension plans. The full interview is available at Google Video. The Massachusetts School of Law, 2007.

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