Bush to Sign Massive Pension Overhaul

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004687-bush-to-sign-massive-pension-overhaul/

In what is being touted by current president George W. Bush as ?the most comprehensive reforms to America’s pension system in over 30 years,? new rules aimed at prodding companies into shoring up their pension plans and ensuring that workers get the retirement benefits they’ve been promised are about to become law.

According to the Associated Press, the bill seeks to strengthen traditional defined-benefit plans and requires companies to tell workers more about the health of their pension programs. It also nudges workers into putting more money away for their own retirement.

Tagging along on the ride to Lawsville are some items unrelated to pensions at all: a package of changes to the rules for charities and charitable donations, as well as funding for a Going-to-the-Sun road in Montana.

Bush to Sign Massive Pension Overhaul

Unknown Author

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