President George W. Bush is expected to sign the bill to provide temporary relief from key pension funding requirements, according to a White House spokesman. The bill has not yet reached Mr. Bush’s desk, so it is unclear when the legislation would be signed.
The bill, unanimously approved by the House and Senate last week, is designed to ease the pension funding requirements in the Pension Protection Act of 2006 and to clarify that pension plans may smooth the value of pension assets over 24 months.
