Senate defeats Specter pension bill

[DCAview]

SENATE DEFEATS US AIRWAYS PENSION MEASURE
The Senate on Wednesday evening killed a measure from GOP Sen. Arlen Specter of Pennsylvania that would have allowed bankrupt US Airways to string its pension payments out over 30 years.
By a vote of 64 to 31, senators voted to table the Specter measure, a move that likely ends chances for a congressional settlement to US Airways'' pension funding problems.
The Thomas Web site from the Library of Congress (http://thomas.loc.gov) should have the roll call of individual senators available shortly.

 

[savyinvestor]

[blockquote]
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On 1/22/2003 5:49:13 PM DCAview wrote:

SENATE DEFEATS US AIRWAYS PENSION MEASURE

The Senate on Wednesday evening killed a measure from GOP Sen. Arlen Specter of Pennsylvania that would have allowed bankrupt US Airways to string its pension payments out over 30 years.

By a vote of 64 to 31, senators voted to table the Specter measure, a move that likely ends chances for a congressional settlement to US Airways' pension funding problems.

The Thomas Web site from the Library of Congress (http://thomas.loc.gov) should have the roll call of individual senators available shortly.
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[/blockquote]
This was the correct and fair thing to do. Youcannot encourage underfunding of pension plans otherwise you put all at risk. Savy

 

[savyinvestor]

After looking at this again the vote wasn't even close. McCain can look at it from now to eternity and still not justify a change. Savy

 

[DCAview]

Here is the roll call vote on the US Airways pension bill proposed by Specter.

A "yes" vote here is a vote to table the measure -- essentially a vote to kill the bill -- while a "no" vote was a vote to keep the measure alive.

YEAs --- 64
Akaka (D-HI), Alexander (R-TN), Allard (R-CO), Baucus (D-MT), Bayh (D-IN), Bennett (R-UT), Bingaman (D-NM), Bond (R-MO), Breaux (D-LA), Brownback (R-KS), Bunning (R-KY), Burns (R-MT), Campbell (R-CO), Chafee (R-RI), Chambliss (R-GA), Cochran (R-MS), Coleman (R-MN), Conrad (D-ND), Cornyn (R-TX), Corzine (D-NJ), Craig (R-ID), Daschle (D-SD), Dayton (D-MN), Dorgan (D-ND), Ensign (R-NV), Enzi (R-WY), Feingold (D-WI), Fitzgerald (R-IL), Frist (R-TN), Graham (D-FL), Graham (R-SC), Grassley (R-IA), Hagel (R-NE), Hatch (R-UT), Hollings (D-SC), Hutchison (R-TX), Inhofe (R-OK), Johnson (D-SD), Kohl (D-WI), Kyl (R-AZ), Lautenberg (D-NJ), Levin (D-MI), Lincoln (D-AR), Lott (R-MS), McCain (R-AZ), McConnell (R-KY), Miller (D-GA), Murkowski (R-AK), Murray (D-WA), Nelson (D-FL), Nelson (D-NE), Nickles (R-OK), Pryor (D-AR), Reid (D-NV), Roberts (R-KS), Sessions (R-AL), Smith (R-OR), Stabenow (D-MI), Stevens (R-AK), Sununu (R-NH), Talent (R-MO), Thomas (R-WY), Voinovich (R-OH), Wyden (D-OR)

NAYs --- 31
Allen (R-VA), Biden (D-DE), Boxer (D-CA), Byrd (D-WV), Cantwell (D-WA), Carper (D-DE), Clinton (D-NY), Collins (R-ME), Crapo (R-ID), DeWine (R-OH), Dodd (D-CT), Dole (R-NC), Domenici (R-NM), Durbin (D-IL), Edwards (D-NC), Gregg (R-NH), Jeffords (I-VT), Kennedy (D-MA), Landrieu (D-LA), Leahy (D-VT), Lugar (R-IN), Mikulski (D-MD), Reed (D-RI), Rockefeller (D-WV), Santorum (R-PA), Sarbanes (D-MD), Schumer (D-NY), Shelby (R-AL), Snowe (R-ME), Specter (R-PA), Warner (R-VA)

Not Voting - 5
Feinstein (D-CA), Harkin (D-IA), Inouye (D-HI), Kerry (D-MA), Lieberman (D-CT)