From Reuters via Forbes.com, “Bush signs bill giving pension aid to US companies“:
President Bush signed into law Saturday a measure aimed at saving U.S. companies more than $80 billion in pension contributions over two years, days before many firms make quarterly payments.
From the AP via the Seattle Post-Intelligencer, “Pension bill split Senate Democrats“:
To unionized machinists, autoworkers and airline pilots, an $80 billion pension relief bill making its way through Congress offered badly needed help. To construction unions and the Teamsters, it was a loser. To the quiet satisfaction of Republicans, that left unhappy Senate Democrats in the middle, forced to make a politically painful choice between reliable election-year allies on one side and those on the other.
From Yahoo! News.com, “With Tax Clock Ticking, Congress Clears Pension Plan Funding Relief.”
From CCH, the “CCH Tax Briefing on the Pension Funding Equity Act of 2004.”
Benefitslink.com now has the link to the “Text of IRS General Information Letter to Mark Iwry on Automatic Compensation Reduction Elections (PDF)” (via the American Benefits Council) referred to in this article and mentioned in a previous post.