"The American Benefits Council has proposed changes that would reshape how employers use otherwise unusable surplus assets in retirement plans ... Citing the rise in interest rates since the end of the COVID-19 pandemic, a rise which resulted in increased funded levels for the 100 largest corporate pension plans and a surplus of at least $62 billion in pension assets in the U.S. as of December 2024, ... the ABC's plans would avoid 'a material incentive to terminate' pension funds."  MORE >>