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Pension Reform Bill to Be Signed

Posted by Frank Steinberg | Aug 17, 2006 | 0 Comments

President Bush is expected to sign major pension reform legislation today.

While much of the bill aims at giving some airlines time to catch up on their pension funding obligations, there are benefits for other companies. There will be enhanced contribution limits for IRA's and 401(k)'s, and employers will be able to automaticlly enroll employees in 401(k)'s to encourage retirement savings.

We'll give you more on this over time as the practical ramifications of the pension bill develop.

About the Author

Frank Steinberg

Frank is the founder and principal of Steinberg Law, LLC. A Jersey boy born and bred, he focuses on employment litigation and counseling, business litigation,  and aviation law. Following law school and a clerkship in the federal district court Frank spent his early career with large litigation ...

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