Filed Under:Your Practice, Regulatory

Pension Benefit Deal Looms in Congress

Sen. Harry Reid, D-Nev., and, in the background, Sen. Mitch McConnell, R-Ken. Photo credit: AP Images
Sen. Harry Reid, D-Nev., and, in the background, Sen. Mitch McConnell, R-Ken. Photo credit: AP Images

An adjustment to defined benefit funding requirements sought by industry is part of the mix as Congress works on legislation that would both reauthorize highway funding programs and freeze student-loan interest rates.

Under the language currently being proposed, companies would be able to use the 25-year corporate bond average when determining the discount rate used to appropriately fund defined benefit plans, according to Joe Lieber, an analyst at Washington Analysis.

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Nichole Morford

Nichole Morford
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