Pension-Security Legislation Advances in U.S. House BestWeek (03/17/03) p.11; Kelly, Dennis
The "Pension Security Act," or H.R. 1000, which was passed by the House last year, has recently been approved by the House Education and Workforce Committee. The pension-protection bill will allow life insurers that provide educational materials and savings-retirement options at worksites to also offer pension advice to plan participants. The legislation provides workers with better tools to help manage their retirement savings. ACLI says insurers' ability to provide pension advice at the worksite will prove to be cost-effective for employers.