Labor & Economic News Blog

Friday, July 28, 2006

House set to vote on pension bill

House set to vote on pension bill
The House could approve a major pension overhaul bill as early as Friday after abandoning negotiations with the Senate over a larger package that combined pension reform with an extension of popular tax breaks, congressional leadership aides said. Such a move would be at best a partial victory for Delta Air Lines, which has pushed for a reform bill that will give ailing airlines extra time to fully fund their pension plans. Without such an extension, Delta says, it will have to terminate the plan as part of its bankruptcy restructuring. But the Senate would have to sign off on the House-passed version of the bill next week or the matter would likely be delayed until after both chambers return from their August recesses.

 



<< Blog Home

 

This page is powered by Blogger. Isn't yours?