Pension Reform Business Insurance (12/24/01) Vol. 29, No. 26 p.16; Geisel, Jerry
ACLI is applauding the new pension reform bill that was signed into law in May. Phil Anderson, senior vice president of government affairs for ACLI, says the new law is "a shot of adrenaline for pension plans." The Economic Growth and Tax Relief Reconciliation Act of 2001 will allow employees to defer more to 401(k) plans, providing them more leverage to move between the private, nonprofit, and governmental sectors to roll over funds between 401(k), 403(b), and 457 plans.