Pension Safety Bill Hits Speed Bump
Congressional negotiators, rushing to complete a major pension bill before the August recess, said Monday a deal on the long-awaited bill to shore up defined-benefit pension plans still eluded them. House Majority Leader John Boehner, a chief negotiator, said there were still "half a dozen issues' left to resolve on the bill, important to the retirement benefits of Americans. Those included the extent of special breaks for financially struggling airlines and a provision to allow more financial institutions to give investment advice on 401(k) and IRA plans that critics say could present conflict of interest problems.
See "Pension Safety Bill Hits Speed Bump", Jim Abrams, Minneapolis Star Tribune, July 24, 2006