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Jun 25, 2010
Obama signs DB funding relief bill
President Barack Obama on Friday signed legislation that offers funding relief for defined benefit pension plans.
Jun 18, 2010
Senate passes DB funding relief
The pension relief provisions, identical to provisions that the Senate previously approved in a tax and jobs bill last March, would allow Defined Benefit plans to stretch out amortization periods for investments losses for two of the years between 2008 and 2011, either over a period of up to 15 years or over a nine-year period, at the option of the plan sponsor. Current law requires plans to amortize their investment losses over seven years.
Jun 4, 2010
Corporate funding ratio slips in May to 82%
The funding ratio of the typical U.S. corporate pension plan declined 4.3 percentage points in May to 82%, largely because of falling stock values, according to an analysis by BNY Mellon Asset Management.
May 26, 2010
Pension Reform on Tap?
The Obama administration, and even employers and workers' groups such as labor unions, are clearly concerned that, with the demise of defined-benefit pensions, way too many employees are retiring with 401(k)s that are inadequate to carry them through a long retirement.
May 20, 2010
Pension funding relief, carried interest tax in compromise bill
Democratic House and Senate leaders on Thursday announced a plan to include pension funding relief in a compromise tax bill that also would include a scaled-down version of increased taxes on buyout funds and other investment managers.
May 16, 2010
The latest blow: Smaller payouts for new retirees
Because of the 2007-09 stock-market collapse and the inability of some recession-scarred companies to sufficiently fund their pension plans, the Pension Benefit Guaranty Corporation took over 129 plans last year -- a 74 percent jump from the year before. And 2010 is shaping up to be even worse.
May 11, 2010
Senator will block PBGC vote over Delphi pensions
An Ohio senator said today he would block a confirmation vote on the new head of the government's pension insurer because he objects to how Delphi Corp.'s salaried retirees have been treated.
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