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Pension Providers May Pay More for Insurance: Agency Needs Help to Close Deficit
The Washington Post; subscription may be required Jan. 11, 2005
Excerpt: The Bush administration yesterday outlined a series of steps to shore up the government's pension insurance agency, proposing to impose tighter funding rules on employers and force them to pay substantially more for federal insurance. The plan, announced by Labor Secretary Elaine L. Chao, would boost from $19 to $30 per participant the premiums all companies with traditional pensions must pay to the Pension Benefit Guaranty Corp.
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