So many issues, but so little action expected.(Outlook 2004)

Pensions & Investments, January, 2004 by Anand, Vineeta

Byline: Vineeta Anand WASHINGTON - Pension and retirement issues are expected to crowd lawmakers' legislative calendar, but few changes are likely to be enacted in this shorter-than-usual politically charged election year. At the top of the list are efforts to enact a two-year replacement for the 30-year Treasury bond as the benchmark for calculating pension liabilities - legislation that cleared the House of Representatives but was crowded out of the Senate by Medicare prescription drug reform legislation in the closing days of the 2003 session.

Also competing for attention is a new proposal expected to be unveiled by the Bush administration to confirm the legal status of cash balance and other hybrid pension plans. The Bush administration also is...

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