WASHINGTON – Members of Congress need to be educated about state and local retirement plans for non-government workers before the Senate votes on two joint resolutions next month that could essentially kill them, say retirement experts.
House members voted along party lines Wednesday night to approve H.J. Res. 66 and H.J. Res 67, which would overturn Labor Department rules adopted last August and December to facilitate these plans by assuring states and localities, respectively, would not be covered by ERISA rules for private plans.