The following articles discuss reaction to the agreement made by Congressional conferees to adopt the Harkin’s Amendment relating to cash balance plans (discussed here and here):
- New York Times: “Employers Denounce Move on Pensions“
- Washington Post: “Pension Regulation Advances On Hill: Compromise Would Curb Conversions”
- LA Times: “Congress Derails New Rules on Pensions”
- Reuters via Forbes: ” US employers mad at blow to cash balance pension plan“
Also, from the Wall Street Journal:
- “Cash-Balance Plans Appear To Face a Regulatory Limbo” and
- “IBM Blasts Congress On Pension Inaction”
From Plan Sponsor: “Cash Balance Regs “On” Again – But…“
From the American Benefits Council: “Council Condemns Inclusion of Cash Balance Provision in Appropriations Bill“
From ERIC: “ERIC Statement on Passage of Harkin Cash Balance Amendment“