Update on Status of Pension Legislation

From Reuters.com: "U.S. senators think airline pension dispute solved." Excerpt: U.S. senators trying to agree on pension law changes said on Wednesday they believed they had resolved a dispute over special aid for troubled airlines but new disagreements began to…

From Reuters.com: “U.S. senators think airline pension dispute solved.” Excerpt:

U.S. senators trying to agree on pension law changes said on Wednesday they believed they had resolved a dispute over special aid for troubled airlines but new disagreements began to surface.

“I believe we’ve reached an agreement on the things that deal with the airlines,” said Iowa Republican Sen. Charles Grassley, a co-sponsor of the pension bill. . .

Grassley said he was now worried about a push to revert to a previous version of the pension bill, and warned he would not go along. Some analysts consider the version, by the Health, Education, Labor and Pensions Committee, to be generally less strict on companies funding traditional pensions.

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