Nicholas Pension Consultants
Abacus Retirement Solutions, LLC
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|ERIC Letter Urges Senators to Support Bingaman Amendment to Budget Reconciliation Bill|
The ERISA Industry Committee [ERIC]
Nov. 4, 2005
Excerpt: The proposed budget reconciliation bill to be considered by the Senate Wednesday November 2, increases the premium-taxes paid by plan sponsors of defined benefit pension plans to the Pension Benefit Guaranty Corporation (PBGC) that are contrary to the interests of plan participants and that violate the mission of the PBGC that is enunciated in ERISA.
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