Abstract:Changes to pension law contained in last year's GATT trade legislation may have a substantial impact on employers with underfunded pension plans. Many employers will face an increase in their annual funding requirements. Some may wish to consider accelerating contributions to these plans to avoid paying increased premiums to the Pension Benefit Guaranty Corporation (PBGC) as well as to avoid the need to notify participants that their plan is underfunded. All employers with defined benefit plans will need to mo… Show more
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