AP: Congress Divide Jeopardizes Pension Bill

[Eugene]

Congress Divide Jeopardizes Pension Bill

By JIM ABRAMS, Associated Press Writer

Friday, July 28, 2006

(07-28) 00:31 PDT WASHINGTON, (AP) --

A rancorous dispute between the House and the Senate, climaxed by House members
boycotting a Senate-called meeting, paralyzed efforts to reach agreement on major
pension overhaul legislation.

With the dispute, which centered on whether unrelated tax measures should be attached
to the pension bill, Congress was in danger of missing yet another target for passing
the bill that a majority of lawmakers see as essential to the retirement security
of millions of Americans.

Lawmakers said they would try again Friday. "There's still work to do," said Sen.
Edward Kennedy, D-Mass.

-snip-

The bill, years in the making, is meant to strengthen traditional employer-based
pension plans, crucial to the retirements of some 44 million Americans. It would also
provide for steps, such as automatic enrollment, to ensure that 401(k) plans and IRAs,
increasingly the main savings option of younger workers, are used by more people.

-snip-

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2006/07/28/national/w003151D53.DTL

[sam sarrha]

1. sounds like a ploy to look good while screwing us again.. pensions are

socialism.. socialism is comminism..and that means gay marriage should be banned. and we are a Christian nation.. i love the smell of a tax cut in the morning, is there a party at the Watergate..Oh Boy, send me a free limo with an underage toe sucking whore in it, ill be right there..