Benefits Committee Supports Women's Pension Law.

• Position: Financial Executives Institute - Brief Article

In a letter to Sen. John Ashcroft (RMo.), FEI's Committee on Benefits Finance voiced its support for the Pension Opportunities for Women's Equality in Retirement Act "as a clear and thoughtful approach to ensuring the retirement security of American women." The letter, written by chairman Frank Becker, noted that the committee believes "the proposal enhances and safeguards the pension needs of women, balances those needs with that of employers and evolves rather than devolves America's retirement security system."

"Women represent 36 percent of all corporate finance executives and more than 10 percent of all CFOs in the United States," the letter observes. "This number is growing and will continue to grow as America moves into the New Economy of the 21st Century. As the...