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Budget Proposal Bad News For Pensions?

Tuesday, February 15, 2011 - 5:14 PM
The President's budget proposal has one idea that had the backing of the deficit commission: raising employer premium payments to the Pension Benefit Guaranty Corp. (PBGC). While this may be helpful for taxpayers, it could cause further reduction to defined-benefit pensions. This MoneyWatch Daily Money blog article has a good overview of this.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708