Flying in under the radar of last week's more well-publicized announcements in Washington, the adoption of the federal highways and student loan stabilization legislation will still have some very major impacts – especially for major plan sponsors.
The pension discount rate stabilization included as part of the bill, which could provide material reductions in short-term contribution requirements to the tune of $40 billion to $50 billion for the largest plan sponsors in 2012, does still come at a cost, according to consulting firm Mercer.
While plan sponsors have been cut a massive break, the firm suggests they do some serious thinking to make sure that they keep their pension funds well funded.
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