Number: RL33169
Title: Comparing Automotive and Steel Industry Legacy Cost Issues
Authors: Stephen Cooney, Resources, Science, and Industry Division 
Abstract: Legacy costs are again a major issue faced by Congress. Legislation in the 109th Congress includes bills to reform PBGC, particularly H.R. 2830 and S. 1783; to seek reduced costs through use of information technology (as in S. 1418); and, to allow persons not eligible for Medicare to "buy in" to the program (as proposed in H.R. 2072). S. 2045, introduced on November 17, 2005, proposes federal payment of 10% of a domestic automotive manufacturer's retiree health care costs, in exchange for increased investment in producing fuel-efficient vehicles.
Pages: 18
Date: April 6, 2006