The Moving Ahead for Progress in the 21st Century Act — PBGC premiums increased and pension plan funding stabilized
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Description
Abstract: In July, President Obama signed into law the Moving Ahead for Progress in the 21st Century Act (MAP-21). The act significantly affects pension plans through the stabilization of pension funding and by increasing Pension Benefit Guaranty Corporation (PBGC) premiums substantially through 2015. This article reviews what pension plan sponsors need to know.
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