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Advocacy Blog
Friday, August 04, 2006
Senate Passes Pension Reform, Sent to President for Signing
From National Journal's Earlybird:Congress passed major pension legislation designed to assure American workers, including millions of baby boomers nearing the end of their working careers, that the pensions they have been promised will be there when they retire," AP reports. "The Senate, in its last vote before adjourning for a four-week summer break, approved the 900-page bill that compels employers with defined-benefit pension plans to meet their funding obligations and seeks to prevent companies from terminating plans and shifting the financial burden to the taxpayer."
The pension bill contained many charitable incentives and reforms, as detailed in earlier blog postings. Guidestar also has a nice summary.
The AP story can be found here.
Posted by Jennifer Lowe
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