Take a look at Boehner's statement:
http://edworkforce.house.gov/issues/109th/workforce/pension/statement062905.htm-----------
I plan to offer a substitute that makes several important changes to the underlying bill, and I’d like to highlight a few of those. First, Chairman Thomas and I reached an agreement on a proposal to resolve the legal uncertainty surrounding cash balance plans and ensure they remain a viable part of the defined benefit system. While this agreement does not go as far as I’d like, it’s an important first step in addressing the problem and putting us on the path toward providing legal certainty for these plans. Cash balance pension plans – a type of defined benefit plan that is employer-funded, insured by the PBGC, and portable from job to job – represent an important component of worker retirement security, and they account for more than 20 percent of the premium revenue paid by employers to the PBGC. They are the future of the defined benefit system.
The agreement between Mr. Thomas and I establishes a simple age discrimination standard for all defined benefit plans that clarifies current law with respect to age discrimination requirements under ERISA on a prospective basis. It does not create new law, but simply clarifies current law. It does not establish different rules for hybrid plans or conversions, but merely sets up a simple age discriminatory standard that all defined benefit plans must meet prospectively. A plan would meet all age discrimination tests if a worker’s benefits are equal to or greater than that of any similarly situated, younger individual in the plan.
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He is trying to legalize cash balance pension plans and gut the ERISA age discrimination protections.
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