However, this plan would only work provided it guaranteed that people retained the original value of their euro deposits even after they had been re-donominated into pesetas or lira.
Finally, a limited number of DOL and PBGC former insiders have profited handsomely from landing contracts with corporations wherein they are retained to supposedly protect the interests of pension participants from the very corporate plan sponsors that retain them.
Whether they stick to that plan in their revised report, and whether the hoped-for progressivity could be retained in actuality, remains to be seen, however.