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Where best to invest: Washington debates whether pension funds should target monies for the public good.
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Insight on the News
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July 24, 1995
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Copyright informationCOPYRIGHT 1995 News World Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Legislators are interested in the $4 trillion that workers have invested in private pension funds. Some politicians want a portion of the funds to be put into economically targeted investments for public works, but current rules require that monies be invested for maximum return.
Washington debates whether pension funds should forget monies for the public good.
On the same day in May that the House approved a seven-year balanced-budget plan, the Clinton administration and a small band of House Republicans wrestled over a pot of cash that makes the Pentagon budget look like pin money and the tax cuts of the Republican "Contract With America" look like chump change.
At stake, ...
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