Retirement Plans Edition
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July 28, 2000
House Passes Rollback in Tax on Social Security Benefits
Excerpt: "The House overwhelmingly approved a bill Thursday to roll back a portion of the tax on Social Security benefits, as Republicans continued their drive to make tax cuts the centerpiece of the political campaigns." (StarTribune.com)
Recommended Site: Public Employees' Retirement Association of Colorado
(Public Employees' Retirement Association of Colorado)
Congress Tries to Entice More People to Fund IRAs
Excerpt: "...only 7 percent of U.S. taxpayers contribute to IRAs, and far fewer make the maximum allowable contributions of $2,000 yearly, according to the Employee Benefit Research Institute. Last week, the House of Representatives overwhelmingly approved a measure that would change those limits and, advocates say, spur Americans to increased levels of saving for retirement." (Sacramento Bee)
(Following also appears in Welfare Plans Edition)
Cheney as Vice President Would Face Serious Cut in Pay
Excerpt: "If he becomes vice president, he'll earn an annual salary of $181,400, plus $10,000 for expenses. Of course, there's free limo service, Air Force Two, a house and 24/7 security, not to mention the other perks. But that pales next to his $26.4 million compensation package last year as CEO of energy services giant Halliburton. That included $1.3 million in pay, $5.6 million in stock, and stock options valued at up to $18.9 million." (USA Today)
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