Reuters is reporting via Forbes.com: “U.S. Senate moves to stop Treasury pension rules.” The article reports that the U.S. Senate on Thursday voted to block the Treasury Department from issuing certain regulations governing cash balance pension plans. The House of Representatives approved a similar measure last month called the “Sanders Amendment.” You can read about the House measure here and here.
The Wall Street Journal also reports: “US Senate Votes To Block Cash-Balance Pension Regs.”