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.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
