Pension Provisions Have Special Targets

[Judi Lynn]

Pension Provisions Have Special Targets
By JIM ABRAMS , 08.06.2006, 11:30 AM

Defense contractors, airlines and a food company are among those singled out for different treatment under a massive pension overhaul bill that Congress could send to the White House as early as this week.

The legislation, passed by the House and the Senate, has the lofty goal of reinforcing the employer-based pension system that is the retirement lifeblood of some 44 million Americans.

But, as with any 900-page piece of legislation crafted over months of negotiations, there are provisions targeted to help specific companies or industries. Often the obtuse legislative language does not name the targeted benefactor, but to the writers the intent is clear.

Here are a few:

_ Defense contractors that do the bulk of their business with the government and generate more than $5 billion a year in sales to the Pentagon are given a three-year grace period before new pension funding rules kick in.
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http://www.forbes.com/entrepreneurs/entresales/feeds/ap/2006/08/06/ap2930036.html

[Massacure]

1. Oh oh oh! pick me! Pick me! IS IT HALLIBURTON?????

Now gimme my damn cookie!