Senate Postpones Pension Vote Until Oct. 31

October 27, 2000 ( - The Senate vote on HR 2614 has been pushed back to Tuesday, October 31. HR 2614 is the tax bill containing the bipartisan retirement savings legislation, HR 1102.

According to the American Benefits Council, discussions are underway regarding alternative strategies to enact HR 1102 before the conclusion of the congressional session.

While it is possible that October 31 will be the final day of the Congressional session, it is likely that recess will be delayed until early November according to the Council.

President Clinton has threatened a veto of the current House of Representatives version, which does not include some of the cash balance protections sought by the Administration.
– Nevin Adams