In: Accounting
recent legislation was intended to make retirement security more available to millions of workers by all of the following except
a. addressing the needs of an increasingly mobile workforce through changes such as greater portability
b. allowing workers to save more before taxes
c. creating more red tape for employers who want to establish pension for their workers
d. expanding small business retirement plans
The answer is C) creating more red tape for employers who want to establish a pension for their workers.
The purpose of H.R. 10, the Comprehensive Retirement Security and Pension reform act of 2001 was to cut the red tape that has hamstrung workers who wanted to establish pension plans, it was not to create more red tape.