That is precisely what I meant. I have a 22-page booklet with 11 rows listing the different requirements in 11 different jurisdictions for pension law and pension compliance. It adds an incredible administrative burden and has to add to the cost of any employer's plan. If you want more employer plans or a slower demise of employer plans, make them more manageable and more affordable.
On April 22nd, 2010. See this statement in context.