Buried at the end of the Highway and Transportation Funding Actof 2015 is a provision that would extend overfundedpension plans the ability to useexcess assets to fund retirees’ health care costs.

The provision, introduced by House Ways and Means CommitteeChair Paul Ryan, R-Wisconsin, is part of a larger, long-runningbi-partisan debate over how to fund the nation’s highwayinfrastructure projects, being waged in both chambers ofCongress.

Section 2007 of the bill would extend the ability to use excesspension funding through 2025, from thecurrent 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.