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Department of Energy to End Reimbursement for Contractors' New DB Plan Expenses
The ERISA Industry Committee [ERIC] 
May 2, 2006 Excerpt: The Department of Energy (DOE) has announced a new policy discontinuing reimbursement to contractors for defined benefit pension costs for new employees hired after a date no later than March 1, 2007. DOE will continue to reimburse contractors for DB accruals for existing employees but only for amounts comparable to defined contribution plan market based allocations for future employees. MORE >> |
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