For Immediate Release
Office of the Press Secretary
April 2, 2004
Statement by the Press Secretary
Today's passage of legislation to protect pensions, on an overwhelming
bipartisan 336-69 vote, is a victory for American workers who rely on
these benefits for their retirement. The conferees have crafted
responsible legislation which will fix an outmoded formula for
determining employer contributions to pension plans, maintain the
fiscal integrity of workers' pensions, and ensure fairness to those
employers who have responsibly funded their plans. For the sake of the
millions of Americans who count on pensions, we urge the Senate to
follow the House's lead in passing this important legislation.
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