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Senate Finance Committee Unanimously Approves Pension Funding Reform Bill
Deloitte 
Aug. 1, 2005
Excerpt: The Senate Finance Committee ... approved the National Employee Savings and Trust Equity Guarantee (NESTEG) Act, a comprehensive pension reform bill sponsored by Committee Chairman Charles Grassley (R-IA) and Ranking Democrat Max Baucus (D-MT). This version of the NESTEG Act includes comprehensive funding reform proposals for single- and multi-employer defined benefit plans. The committee-approved bill also includes proposals relating to cash balance and other hybrid plans.
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