Pension Legislation by Christmas?

This article from The Hill-"Boehner outlines his pension-overhaul bill"-gives an overview of the provisions of a revised retirement bill which were outlined in a speech by House Education and the Workforce Committee Chairman John Boehner (R-Ohio) before the American Banking…

This article from The Hill–“Boehner outlines his pension-overhaul bill“–gives an overview of the provisions of a revised retirement bill which were outlined in a speech by House Education and the Workforce Committee Chairman John Boehner (R-Ohio) before the American Banking Association. Two important points in the article:

(1) The article states that Boehner indicates his bill will include some easing of restrictions on “pension-fund managers’ ability to give investment advice.”

(2) Also, the article quotes Boehner as saying that his goal is to get a retirement bill signed into law by Christmas Eve.

In addition, this article from Reuters via the New York Times here indicates that the bill includes provisions that will seek to eliminate the legal limbo over cash balance plans.

See also this article from MarketWatch: “House grapples with pension changes: Committee takes up amendments, vote likely Thursday.”

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