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Pension Funding Relief Included in Senate Democratic Jobs Bill
The ERISA Industry Committee [ERIC] Link to more items from this source
Feb. 11, 2010
Excerpt: We are pleased to report that the Senate Democrat's version of the job stimulus bill -- the 'Hiring Incentives to Restore Employment Act' -- includes provisions related to funding relief. Specifically, this bill would provide the following relief for funding requirements related to defined benefit plans for single employers (sections 701-703 of the bill): Plan sponsors may elect one of two amortization schedules (note the bill does not include a more generous amortization schedule for 'on-going' plans)[.]

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