Executive Council Statement
Retirement Security and Corporate Governance in the Wake of ENRON
… public questions about defined contribution pension plans. And it has focused attention on the threat posed by proposals to privatize Social Security, which would trade in the system's guaranteed benefits for individual accounts like those held … must enact new safeguards to prevent employer manipulation of employees' investment choices. Workers should have a broad right to sell company stock held in their defined contribution retirement accounts in favor of diversified investment options. This right should extend to their own contributions and to employer matching contributions to their 401(k) accounts and should …