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Pension Funding Relief Passes House, Senate

Tammy Whitehouse | August 13, 2014

A bill meant to raise revenue for highway funding promises to ease pension funding requirements for companies by toying with interest rates used to calculate minimum contributions.

waidman-anne-0814The House and Senate have both passed the Highway and Transportation Funding Act with amendments to pension smoothing provisions that are expected to result in lower required pension contributions for companies that still carry defined benefit pension plans. The pension funding relief is included in the transportation bill as a revenue raiser. The thinking goes that if companies reduce...

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