Key Provision Dispute Threatens To Stall Pension Reform

Law360, New York (April 25, 2006, 12:00 AM EDT) -- As the debate over how best to reform U.S. pension law continues to rage in Congress, a proposed special provision for bankrupt airlines is threatening to derail the finalization of a bill intended to force businesses to honor their pension obligations.

With a slew of airlines and automotive businesses falling prey to bankruptcy over the last year, the question of how to ensure that defined benefit pension plans remain adequately funded in the face of financial difficulties has taken center stage in Congress.

“The airline crisis...
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