MANAGEMENT
Defense Increases Scrutiny of Contractor Costs
Cambridge, Mass.—Defense Dept, is scrutinizing contractor pension and insurance costs and will seek recovery of funds in cases of pension plan termination or of overfunding from the current stock market boom. A recent seminar here of the Pentagon’s Defense Acquisition Regulatory Council dealt with new congressional legislation that focuses on these issues and with areas of new complexity or continued uncertainty.
By William H. Gregory6 min