Posted By Frank Steinberg on
08 / 17 / 2006 |
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Pension Reform Bill to Be Signed
President Bush is expected to sign major pension reform legislation today.
While much of the bill aims at giving some airlines time to catch up on their pension funding obligations, there are benefits for other companies. There will be enhanced contribution limits for IRA's and 401(k)'s, and employers will be able to automaticlly enroll employees in 401(k)'s to encourage retirement savings.
We'll give you more on this over time as the practical ramifications of the pension bill develop.
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