Resolved Question: President Bush signs a bill PROTECTING LGBT people...?

5 January 2009, 5:45 pm

Wow, this must seem like the unexpected; A new law signed by President Bush will protect domestic partners who inherit retirement savings. The Worker, Retiree and Employer Recovery Act of 2008 - known as WRERA - contains technical corrections to the Pension Protection Act of 2006. The Pension Protection Act, or PPA, made it possible for employers to allow any non-spouse beneficiary of an employee’s retirement plan—including an employee’s same-sex partner—to roll inherited retirement benefits directly to an individual retirement account and avoid immediate taxation. WRERA requires that all employers provide this rollover opportunity to non-spouse beneficiaries. “This legislation secures much-needed protection for lesbian and gay couples,” said Human Rights Campaign President Joe Solmonese. Is he turning liberal in his last month or something? Weird, we'll take it though!... Read More »

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