Excerpt: Companies that convert to cash balance plans or shift unfunded pension liabilities to the PBGC would be barred from paying nonqualified pension benefits to top executives for 5 years under a bill introduced by Rep. George Miller (D-CA). The prohibition would begin on the date of any notice of intent to terminate or date of adoption of a cash balance amendment (with a one year look-back) and would apply to an array of executive benefits[.]

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