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New Pension Funding Obligations Pose Threat

Faced with huge contributions due to the financial crisis, businesses seek help from Congress.

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Worried that new pension funding requirements that take effect next year could cripple corporations, business and finance officials say they can’t wait for president-elect Barack Obama and the 111th Congress to be sworn in. So they are pressing lame duck legislators to convene this month and stall implementation of some Pension Protection Act (PPA) provisions until the markets stabilize and credit is more widely available.

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