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FEDERAL FOCUS.(pension reform)(Statistical Data Included)
Pension Reform Piggybacks on Far-Reaching Tax-Cut Law
When President Bush signed a $1.35 trillion dollar tax-cut bill into law on June 7, 2001, he also enacted comprehensive pension reform legislation that significantly alters the operations and management of traditional retirement programs. These reforms received strong bipartisan congressional support in past years but failed to win passage until this year. GFOA strongly supported and advocated these pension-law changes.
The reform recognizes three trends:
* 21st century America is a mobile society: American workers change jobs and careers more frequently than in years past. Pension reform ...
- House Passes Pension Reform Savings.(for municipal employees)(Brief Article)
- Newspaper article from: Nation's Cities Weekly Rigsby, Deborah May 7, 2001 700+ words
...allowing greater contribution limits to municipal retirement...Retirement Security and Pension Reform Act of 2001...in pension plan contribution limits to $15,000 annually...retirement plans. The pension reform package would cost...
- Pitched Debate Looms Over Pension Reform: Legislation Includes Key Provision...
- Newspaper article from: Money Management Executive December 12, 2005 700+ words
...industry, experts say pension reform would simply allow...Protection Act because "pension reform will strengthen the...passed its version of pension reform and it isn't nearly...the higher annual contribution limits for IRAs and qualified...
- Pension reform legislation rises once again.(Brief Article)
- Magazine article from: Employee Benefit News Lee, Karen February 1, 2001 700+ words
A sweeping pension reform bill that's been...Retirement Security and Pension Reform Act, claim they are...retirement savings contribution limits, make account balances...Currently, though, pension reform is not part of Bush...
- Tax Cut Budget Agreement Skimps On Details On Estate Tax And Pension Reform...
- Magazine article from: National Underwriter Life & Health-Financial Services Edition Brostoff, Steven May 7, 2001 700+ words
...difficult to fit pension reform into the budget numbers. Turning to pension reform, the House last...Portman-Cardin pension reform bill, by a whopping...substantially raise the contribution limits for 40 1(k) plans...
- Pension Reform Bill Advances In Senate.(Brief Article)
- Magazine article from: National Underwriter Life & Health-Financial Services Edition BROSTOFF, STEVEN September 11, 2000 700+ words
Major pension reform legislation is continuing...the Portman-Cardin pension reform bill that was recently...been working hard for pension reform legislation, is hopeful...would increase the contribution limits on 401(k), 403...
- Pension Reform Bill Introduced In House.(Government Activity)(Brief Article)
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management BROSTOFF, STEVEN March 19, 2001 700+ words
...Retirement Security and Pension Reform Act-was introduced last...Moreover, be said, contribution limits on pensions and individual...benefit plans by reducing contribution limits and imposing new regulatory...would increase the annual contribution limits to IRAs and ...
- ANOTHER TRY FOR PENSION REFORM.(NEWS)(Editorial)
- Newspaper article from: The Cincinnati Post (Cincinnati, OH) May 5, 2001 700+ words
...House gave his pension reform bill an enthusiastic...Republican believes pension reform has broader support...Increasing the contribution limits for IRAs from...raising employee contribution limits to 401(k) plans...
- Workers Will Not See Pension Reform This Year, Industry Expert Says.
- Newspaper article from: Knight Ridder/Tribune Business News Downing, Neil October 5, 1999 700+ words
...Unfortunately, pension reform legislation that...the key elements of pension reform proposals earlier...This year's pension reform proposals have also...Higher annual contribution limits for IRAs, and indexing...
