We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

President Bush Signs Pension Reform Bill

Law360 (August 17, 2006, 12:00 AM EDT) -- U.S. President George W. Bush signed into law a pension reform bill on Thursday that is designed to close loopholes in the pension system, and particularly offers relief for employees at bankrupt Northwest Airlines Corp. and Delta Air Lines Inc.

The bill, hailed as the first major reform of U.S. pension laws in more than 30 years, affects more than 44 million U.S. employees and retirees in the pension system.

With U.S. pension plans falling short by as much as $630 billion, the 900-page bill intends...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.