The Inside Scoop on Cash Balance Plans

“Treasury May Delay Pension Rules: White House Will Wait for Congress To Take Action on Cash-Balance Plans“: the Wall Street Journal reports how “the Treasury Department may be backing off releasing long-awaited regulations on cash-balance pension plans, and will instead wait for Congress to act before it proceeds.” The source of the information was an interview by Tax Analysts with Pam Olson, the assistant secretary for tax policy. (Tax Analysts reported the information on Wednesday.) The article also reports that the Journal confirmed this information with Treasury spokeswoman Tara Bradshaw who said that Ms. Olson had been accurately quoted in the Tax Analysts article, but added that the agency is still “working on the regulations — we’ve been looking at all the [court] rulings and all the comments and are trying to figure out how to proceed.”