Likelihood of higher PBGC premium hikes looms.(pension benefit guaranty corp)

Financial Executive, December, 2005 by Lewis, Robert E., Jr.

Earlier this year, the Bush Administration proposed a package of reforms to current pension funding rules. There have been several bills introduced, but the Pension Protection Act of 2005 (H.R. 2830) and The Pension Security and Transparency Act of 2005 (S. 1783) are the consensus bills.

Recently, the Senate attempted to move to a vote on The Pension Security and Transparency Act, but that effort was blocked by senators seeking more employer-friendly changes to the bill. Due to other pressing Senate business, the Senate leadership removed the bill from the agenda until an agreement could be brokered. This has left the Pension Security and Transparency Act up in the air for the time being. In the House, The Pension Protection Act has been voted out of the...

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