Proposed PBGC Premium Increases Will Cost Jobs, Leave Future Retirees with Less Money (PDF)

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Proposed PBGC Premium Increases Will Cost Jobs, Leave Future Retirees with Less Money (PDF)
American Benefits Council

[Opinion]
Apr. 26, 2005

4 pages. Excerpt: The House budget resolution, (H. Con. Res. 95) assumes an unprecedented $18.1 billion premium increase on pension plans over the next five years - effectively a tax increase of over 240 percent for companies maintaining defined benefit plans. This tax increase will cost jobs and could leave workers who retire in the future with less money.

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