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Excerpt: On February 1, 2006, the U.S. House of Representatives passed the Deficit Reduction Act of 2005 (S. 1932)1, which the Senate passed late last year. A provision of the bill that received little attention outside of the benefits community increases Pension Benefit Guaranty Corporation (PBGC) premiums for both single employer and multiemployer defined benefit plans, starting with the 2006 plan year.
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