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Pension Smoothing in Unemployment Benefits Extension Bill Could Lead to Taxpayer Bailout
The Heritage Foundation Link to more items from this source
[Opinion]
Feb. 5, 2014
"The Senate is trying to use an accounting trick to claim deficit-reduction from a bill to extend federal long-term unemployment benefits. Far from that, the proposal to 'smooth' pension contributions would merely shift tax revenue from the future into the present while destabilizing pensions even further and increasing the risks of a taxpayer pension bailout. While details have yet to emerge, the bill's sponsor, Senator Jack Reed (D-RI), reportedly described the proposal for 'pension smoothing' as 'allowing companies to use historical data in determining pension contributions.'"

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