X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A measure to bolster the finances of defined-benefit pension plans has been eliminated from the U.S. Senate’s jobs bill, in a move Senate Majority Leader Harry Reid described as an effort to get the jobs legislation passed quickly.

Reid, a Nevada Democrat, said that he plans to bring the slimmed-down jobs bill to the Senate floor on Feb. 22, according to news reports. Components eliminated from the bill, which include extensions of unemployment benefits and the federal subsidy for COBRA premiums as well as the pension funding measure, would be presented as a separate piece of legislation at a later date. The jobs bill seeks to encourage hiring by giving companies an exemption from the 6.2% Social Security tax they pay on wages for workers they hire this year who have been out of work for at least 60 days.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.