The Senate-passed highway bill takes a big step backward on pension policy by adopting a provision that allows employers to shirk some of their pension plan contribution obligations.  The Senate explains that the benefits are twofold, say Alex Brill, a research fellow, and Alan D. Viard, a resident scholar, at the American Enterprise Institute. By alleviating the burden on businesses to contribute to pensions, the Senate’s action will essentially stimulate the economy by freeing up business’ cash for hiring. Because [...]