Pension Overhaul Approved

Summary


The House approved an ambitious overhaul of the nation's pension laws late Friday, hoping to prolong the traditional employer-based pension plans relied upon by millions while also promoting new savings options and protecting the government from future taxpayer bailouts.

The reforms in the bill "represent the most sweeping changes to America's pension laws in more than 30 years," said House Majority Leader John Boehner, R-Ohio.

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Pension Overhaul Approved

He said the bill "will ensure that workers and retirees can continue to count on their hard-earned pensi...

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