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Pomeroy Continues Filling Out Defined Benefit Funding Package Proposal
PLANSPONSOR; free registration may be required Link to more items from this source
Aug. 28, 2009
Excerpt: A long-in-the-making package of pension reform legislation from U.S. Representative Earl Pomeroy (D-North Dakota) continues to move toward formal introduction when Congress reconvenes in September. Pomeroy on Thursday released the latest version of the bills collectively designed to help defined benefit pension plans continue to weather the funding issues arising out of the economic downturn, according to a news release from his office. Pomery included suggestions from various interested parties with whom he consulted after initially releasing the suggested bills in June 2009 (see Pomeroy Shares Pension Funding Reform Thoughts). The proposals cover both single-employer and Taft-Hartley plans. [The article provides summaries of both TITLE I -- Single Employer Plans Legislation and TITLE II -- Multiemployer Plans Legislation.]

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