University at Buffalo (UB)
News & information from UB, New York's flagship university
Release Date: April 12, 2005 This content is archived.
An article in The New York Times on the difficulties of enforcing pension law and efforts by the Labor Department to protect pension funds quotes James A. Wooten, professor of law, who says that while the IRS has the job of policing pension funding, the tax agency has almost no institutional stake in making sure plans are well financed because the more a company contributes to a pension plan, the less income tax the IRS collects. Go to article.