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New Pension Bill Provides Benefits for Same-Sex Couples
The former Pension Building (affectionately known as the "big red barn"), once home to the Government Accountability Office, in Washington, D.C.
Image courtesy of the U.S. Government Accountability Office.
The Republican Congress under the Bush administration is better known for taking away rights from lesbian and gay couples than protecting them, but the recently-passed Pension Protection Act has changed all that. Gay Life Guide Ramon Johnson has written a detailed summary
of how the bill affects lesbian and gay couples, allowing the transfer of pension funds to authorized non-spouses and allowing authorized non-spouses to withdraw IRA funds in emergency situations, an option previously limited to spouses.