Coit said he
would replace company officials who oversee employee retirement accounts
with independent trustees, would eliminate the restrictions that prevent
employees from selling their shares, and would place a limit on 401K assets
to a maximum of 15 percent in any one stock.
"The successful
passage of this legislation would protect employees from the negligence
of management and provide security for the investment community,"
Coit said.
He is a candidate
for Congress in District 13, which includes a portion of north Fayette.
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