Buried at the end of the Highway and Transportation Funding Act of 2015 is a provision that would extend overfunded pension plans the ability to use excess assets to fund retirees’ health care costs.
The provision, introduced by House Ways and Means Committee Chair Paul Ryan, R-Wisconsin, is part of a larger, long-running bi-partisan debate over how to fund the nation’s highway infrastructure projects, being waged in both chambers of Congress.
Section 2007 of the bill would extend the ability to use excess pension funding through 2025, from the current 2021 sunset date established in 2012.
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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.
