Benefitsblog

Reaction to Congressional Conferees' Move to Place Cash Balance Plans in 'Regulatory Limbo'

The following articles discuss reaction to the agreement made by Congressional conferees to adopt the Harkin's Amendment relating to cash balance plans (discussed here and here):

• New York Times: "Employers Denounce Move on Pensions"
• Washington Post: "Pension Regulation Advances On Hill: Compromise Would Curb Conversions"
• LA Times: "Congress Derails New Rules on Pensions"
• Reuters via Forbes: " US employers mad at blow to cash balance pension plan"

Also, from the Wall Street Journal:

• "Cash-Balance Plans Appear To Face a Regulatory Limbo" and
• "IBM Blasts Congress On Pension Inaction"

From Plan Sponsor: "Cash Balance Regs "On" Again - But…"

From the American Benefits Council: "Council Condemns Inclusion of Cash Balance Provision in Appropriations Bill"

From ERIC: "ERIC Statement on Passage of Harkin Cash Balance Amendment"

Posted by B. Janell Grenier at November 14, 2003 05:20 PM