"The Cooperative and Small Employer Charity [CSEC] Pension Flexibility Act of 2013 would ensure that charitable and cooperative associations are not swept into the Pension Protection Act of 2006 funding rules, which would require them to divert funds from critical services and jeopardize their ability to provide pension benefits to their workers.... CSEC plans would have the flexibility to opt into PPA in 2014 if they want, and importantly, the Act imposes additional transparency requirements on CSEC plans so that participants have access to accurate information. The Act also provides for a 'time out' from scheduled increases to PBGC premiums."

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