Financial Services Industry
Industry: Email Alert RSS FeedPension reform: White House might be in mood to deal; Bush administration considers making concessions to get sponsors' support.
Pensions & Investments, January, 2005 by Anand, Vineeta
Byline: Vineeta Anand WASHINGTON - Less than two weeks after unveiling an ambitious pension reform package, senior Bush administration officials are hinting at concessions they're willing to give employers to make the stringent proposals palatable. Employer groups have begun drafting their own revisions they'd like to see in the reform package, and are already expressing doubts that negotiations over the package will result in a compromise this year.
A more reasonable goal, they say, would be an extension of the temporary law, which expires at the end of 2005, that allows employers to link the value of their pension liabilities to corporate bonds, giving more time to debate the administration's proposals. It's going to be "tough sledding'' to get reform...
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