1.   According to William Ferguson, chairman and CEO of NYNEX, many companies across America are spending less and less on worker pensions.

2.   Last August, GM began considering a spinoff and shifted its Class E common shares into its underfunded workers pension.

3.   Last August, GM began considering a spinoff, and later shifted Class E common shares, which represent EDS earnings, into its underfunded workers pension.

4.   Recent changes in the tax law have reduced the deductions that businesses can claim for worker pensions.

5.   They also preserved a rule boosting pensions of retired state workers pensions in line with government salary adjustments.

6.   Weinbach urged lawmakers to change the tax laws to allow companies to write off more of the money that goes into worker pensions.

7.   Workers laid off from failing state enterprises have protested the misuse of company assets by managers and the frequent failure to pay worker pensions and living stipends.