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2012 Pension Plan Funding Stabilization Signed Into Law (PDF)
Buck Link to more items from this source
July 6, 2012
"Pension interest rate stabilization and PBGC premium hikes have been enacted with the 2012 student loan and transportation legislation titled Moving Ahead for Progress in the 21st Century (MAP-21) signed [on July 6] by President Obama. The interest stabilization changes apply to ERISA single-employer plans that base liability calculations on PPA segment rates and are predicted to trim 2012 contribution requirements by 15% to 25% or more for typical plans.... Instead of using the two-year average of corporate bond rates to determine pension liabilities, the law stabilizes the segment rates by adding a cap and a floor for the current year's rate. For 2012 plan years, the cap is set at 110% and the floor at 90% of the 25-year average of each segment rate calculated as of September 30, 2011. These percentages change over subsequent years."

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