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Articles

Businesses Urge Congress to Oppose Raising PBGC Premiums

  • By Charles Stallings
  • Published: 5/20/2014

After two consecutive years of Pension Benefit Guaranty Corporation (PBGC) premium increases to pay for non-pension legislation, companies that sponsor defined benefit plans are switching tactics on Capitol Hill.

In a letter to all members of Congress , 68 companies, business groups, and pension trade associations urged Congress to oppose any additional premium increases. Increasing premiums means that employers will have less money available to fund employee benefits, expand their businesses, create jobs, and grow the economy. 

You can find an in-depth article from Pension & Investment   here

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