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American Benefits Council Summary of the Boehner Pension Reform Bill (PDF)
American Benefits Council
June 9, 2005
2 pages. Excerpt: Single Employer Plan Funding. The bill would replace all of the current funding rules, including the ERISA funding rules and the deficit reduction contribution ('DRC') rules, with a single set of funding rules closely modeled on the current DRC rules. The primary differences are that plans would be required (i) to fund to a target of 100% of current liability; (ii) the shortfall between current liability and assets would be amortized over 7 years; and (iii) current[.]
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