House Approves Budget Agreement That Includes Hikes in PBGC Premiums

PRC In the News
12/17/13|Bloomberg BNA Pension & Benefits Reporter

House Approves Budget Agreement That Includes Hikes in PBGC Premiums

Defined benefit plan pension insurance premiums would be increased by Congress for the second time in less than two years under a new budget compromise reached by the heads of the House and Senate Budget committees, with the premium provisions projected to cut federal spending by nearly $8 billion over 10 years. [PDF]

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