A proposed increase in premiums has elicited strong reaction from the businesses and industries whose pensions are insured by the Pension Benefit Guarantee Corp.
The Pension Coalition, a consortium of trade association, professional organizations and companies that provide retirement benefits to millions of workers and retirees, released a study today estimating the economic impact of increases to premiums they pay to insure their defined benefit plans.
The study, "Increasing Pension Premiums: The Impact on Jobs and Economic Growth," likens the proposed increases to a tax hike, and says that employer sponsors are already reeling from $17 billion in premium increases enacted over the past two years.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
