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Article: Pensive on pension reform: pension reform could be cooking in Congress in 2006.(UPFRONT: News, Updates and Other Emerging Strategies from Around the World)
- Article from:
- Risk & Insurance
- Article date:
- January 1, 2006
- Author:
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The congressional pension-reform drama may not end with a January conference committee to reconcile bills passed by the U.S. House and Senate. The White House has signaled it wants funding reforms phased in faster, with no breaks for troubled industries or companies, such as the provisions for struggling airlines in the House bill.
Even if President Bush signs the final bill, House Democrats may try to bring pension reform back to the table. So far, reform has focused on funding employers' pensions and the Pension Benefit Guaranty Corp., the government institution that insures defined benefit pensions. Democratic congressmen George Miller of California and Edward ...