Will pension bill ride through Congress?

Article Abstract:

Senator David Pryor is expected to introduce a new pension simplification bill which will be included in a new tax reform proposal. The pension bill contains provisions that will allow employees of non-profit organizations to establish 401(k) plans. In addition, it features provisions outlining the mechanics of 'safe harbors,' which allow employers to circumvent tedious discrimination testing procedures. The chances of the new pension bill's passage will depend on whether its accompanying tax reforms will be approved by legislators and Pres. Bill Clinton.

Laws, regulations and rules, Defined contribution plans

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GAO report: economically targeted investments perform well

Article Abstract:

The General Accounting Office has reported in Apr. 1994 that the seven public pension funds they have examined with economically targeted investment (ETIs) holdings have been doing well. The expected performance of ETIs has reached the same level of returns of benchmark investments. ETIs are marketed to pension funds to build capital for housing, infrastructure and commercial construction. The ETI is an endorsement of the Clinton administration and is being opposed by the Republicans in Congress.

Finance, Reports, Investments, Clinton, Bill

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GOP rules: can the industry relax with the GOP in control?

Article Abstract:

The return of a Republican majority in Congress may have both positive and negative implications for the pension industry. While the Republican Party (GOP) has favored reduced disclosure and other legal burdens on pension funds in the past, they have also espoused reduced funding limits for 401(k) plans. Moreover, industry observers are fearful that the tax reductions promised by the GOP's program of action may translate into tax revenue offsetting through employer-sponsored pension plans.

Industry Overview, Political activity, Social policy, Political aspects, Republican Party (United States)

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