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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