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Pension Provisions in the Highway and Transportation Funding Act of 2014
Cheiron Link to more items from this source
[Guidance Overview]
Aug. 13, 2014

"For 2014, the minimum rate increases from 80% of the 25-year average to 90% of that average.... [T]his could decrease a plan's funding target by as much as 10-15%, depending on plan provisions and demographics.... The increase in the interest rate may reduce the minimum required contribution for 2013 that is due by September 15, 2014 for calendar year plans. However, plan sponsors should also look at the impact the lower contribution could have on the PBGC premium requirements. Previous credit balance elections and quarterly contribution requirements may need to be revisited as well."

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