Nova 401(k) Associates
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
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|Budget Deal Hikes Pension Premiums Again|
Oct. 30, 2015
"It's at least ironic -- some stronger words come to mind -- that the same Congress and presidential administration that have taken numerous steps aimed at improving retirement savings now support an action that would only hasten the trend of pension plan sponsors freezing or closing their plans.... By law, the premiums that pension-plan sponsors pay to the PBGC cannot be used for anything but PBGC programs. Yet the [CBO] records the premium increases as general revenues. Put simply, it's an accounting trick on the level of one that would get a publicly held corporation busted by the [SEC]."
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