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ERIC Writes Senators, Representatives Seeking Deletion of Provision Stopping IRS Regs Finalization (PDF)
The ERISA Industry Committee [ERIC]
Nov. 21, 2003
1 page. Excerpt: An amendment added to the Transportation-Treasury appropriations bill (H.R.2989) will endanger the pension benefits of over 7 million American workers. The amendment must be modified before the bill is enacted. The amendment has the practical effect of calling into question the legality of over 1200 hybrid design (cash balance) pension plans.
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