S. 1783-Pension Bill, House version ?

[JAY21]

So we see the senate committees (Finance and HELP) reached a compromise on their respective bills and the result (S.1783) now goes to the full Senate for a vote. What's going on with the House bill(s) ?? Isn't there a fairly similar bill(s) over there ? Is this on the fast track then ?

[jevd]

Hewitt's Retirement Plan Legislation outlook

Hewitt thinks not so fast in House.

See above

[JAY21]

Thanks jevd for an excellent reference source. Sounds like April, 2006 is about the best this analysis expects a Senate and House bill to be out and reconciled (if then). Not exactly fast track, but the months do fly by. Sounds like if the House Ways and Means Chairman is sucessful in insisting that any House bill also included DC plan reforms, and attached to Social Security reform, we could be in for a delayed but substantial (comprehensive) change in all areas of retirement policy.

For brief moment there I thought something was actually happening. Presumably some stop-gap measure will be needed by 12/31/05 regarding the expiring temporary bill (forget the name) that temporarily modified current liability rates (to use a bond index) for DRC and other misc. purposes.

[jevd]

Hewitt updates this site on a regular basis. Look for it in "Benefits Buzz".

Dave picks it up as it is updated.

JEVD

[jevd]

THE HILL ARTICLE

Here's another interesting article from a different perspective regarding pension reform from "The Hill"

Thanks for picking this up Dave>