World News Tonight (ABC) - 1999-09-21

Name: World News Tonight (ABC) - 1999-09-21
Uploaded: 2025-10-30
Duration: 1727 s
Channel: malgent
Description: Read a transcript preview of “World News Tonight (ABC) - 1999-09-21” from malgent, uploaded on 2025-10-30.

Channel: malgent

Uploaded: 2025-10-30

Duration: PT1727S

Read a transcript preview of “World News Tonight (ABC) - 1999-09-21” from malgent, uploaded on 2025-10-30.

Transcript preview

Language: English (original, YouTube automatic captions)

[0:01] cause alarm with older workers. Millions

[0:04] of women especially who may have to work

[0:06] [music] until they die. More than 1700

[0:09] people dead in the Taiwan earthquake.

[0:11] What a difference an honest construction

[0:13] job makes. The government tries to make

[0:16] amends for knowingly poisoning workers

[0:18] [music] in Kentucky. The proof is there.

[0:21] And the US military fighting illegal

[0:23] drugs and getting involved in a civil

[0:26] war. [music]

[0:32] From ABC News World Headquarters in New

[0:35] York, this [music] is World News Tonight

[0:38] with Peter Jennings.

[0:39] >> Good evening. We're going to begin

[0:40] tonight with a crisis for millions of

[0:42] Americans who used to believe that their

[0:44] pensions and social security and

[0:46] whatever they could save would see them

[0:48] through in a measure of comfort to the

[0:50] end of their days. Tonight, they have

[0:51] good reason to believe that they will

[0:52] not make it. And today, the Congress

[0:54] began to hear the details of traditional

[0:56] pensions and cash accounts, of how older

[0:59] Americans were going to get messed with

[1:01] because companies were not putting in as

[1:02] much for the older workers at the end of

[1:04] their lives on the job. The closer you

[1:07] are to retirement, the easier this

[1:09] crisis is to understand. Our first

[1:11] report is from ABC's Jackie Jud.

[1:16] >> 5 million workers, double the number

[1:18] from last year, now have cash balance

[1:21] accounts with their companies. Janet

[1:23] Krueger told Congress today that she

[1:25] suddenly became one of them when IBM,

[1:28] where she had worked all her life,

[1:29] announced it was shifting from the

[1:31] traditional retirement plan. If they

[1:34] weren