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|Pension Bill Clears Senate Finance Committee: Airlines Would Get a Break|
The Washington Post; subscription may be required
July 27, 2005
Excerpt: The Senate Finance Committee yesterday approved a bill that would toughen pension-funding rules generally but grant special relief to airlines. The bill, approved on a voice vote, also would make it easier in the future for employers to convert traditional pensions into 'hybrid' cash-balance plans, from which employees usually withdraw lump sums instead of receiving regular payments.
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