2/16/2004: Text of Updated Coalition Letter to Congress On 30 Year Treasury Pension Funding Relief

ERISA Industry Committee

Excerpt: On behalf of the thousands of employers that we represent and millions of their employees, we strongly urge you to act, as soon as possible, on final legislation to replace the defunct 30-year Treasury bond interest rate used for pension calculations with a long-term, high quality corporate bond rate. This interest rate issue is a problem that ... will continue to impede our nation's economic recovery and threaten the retirement security of millions of American workers.