Employment policy analysts say the bill that the House passed May 2 will benefit employers. The bill allows citizens to contribute more tax-preferred money to their personal retirement funds, increasing the deferred tax-contribution limits for IRAs and 401(k) plans, and is also intended to encourage employers to offer traditional pensions. The legislation is designed to divert many retirees from an overdependance on Social Security benefits. Rep. Benjamin L. Cardin (D-Md.) predicts that the Senate will pass the bill during its current session. Employment Policies Institute chief economist Dick Toikka says that while the bill could increase employer costs in the short term, in the long run it could let them reduce some of their financial risks.