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Congress passes complex pension bill full of favors

08/18/2006 | Northwest Labor Press

In July and August, the U.S. House and Senate approved what Massachusetts Senator Ted Kennedy called “the most important action to safeguard the retirement of hard-working Americans in a generation.”

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Bush signs massive pension overhaul

08/17/2006 | Associated Press via USA Today

President Bush on Thursday signed new rules to prod companies into shoring up their pension plans with a tough message for corporate America: "Set aside enough money now."

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Pension Reform: Write a check

08/10/2006 | Seattle Post-Intelligencer

The bill doesn't do enough to balance a $450 billion shortfall in pension funding, nor will it prevent companies from using bankruptcy courts to dodge their pension obligations. It even permits sleight-of-hand accounting.

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Pension reform aims to boost savings

08/09/2006 | The Christian Science Monitor

Under legislation that will soon be signed by President Bush, key features of the nation's pension system will shift from discretion toward autopilot for both companies and workers.

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As more companies adopt cash-balance plans, what you need to know

08/07/2006 | USA Today

The pension-reform act passed by Congress last week isn't expected to reverse the trend away from traditional pensions. It could encourage more companies to shift to the cash-balance type of plan, a hybrid that mixes features of a traditional pension and a 401(k).

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Court: IBM cash-balance pension is okay

08/07/2006 | CNN Money.com

In a victory for IBM, an appeals court on Monday ruled that IBM's conversion of its traditional pension plan to a cash-balance plan did not discriminate against older workers.

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Change to boost 401(k)s, put brakes on pensions

08/07/2006 | Dallas Morning News

Congress' pension reform bill will spark more savings in 401(k) plans but hasten the death of traditional pension plans, experts said Friday.

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Reaction mixed to pension reform

08/05/2006 | The Republican

The pension reform bill that recently passed the House and Senate won praise yesterday from the Massachusetts Mutual Life Insurance Co., based in Springfield, Mass., but protests from the chief executive officer of the city's Teamsters union.

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What's At Stake In The New Pension Bill

08/04/2006 | Nightly Business Report

Early this morning, the Senate passed a plan to shore up the Pension Benefit Guaranty Corporation and ensure better funding for the defined benefit plans that cover 44 million Americans.

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Freeze To Get Deeper

08/01/2006 | HR Magazine

More plan sponsors will freeze their defined benefit plans in the next few years, retirement experts predict, continuing a 20-year shift toward defined contribution plans as the favored vehicle for employee retirement saving.

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