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Few companies are thinking about the long-term implications of the likely wave of retirements.
Move comes as U.S. economic growth leads to tighter labor market.
U.S. House passes same bill extending TRIA backstop that it passed last year; McConnell expects Senate to act quickly.
The expansion in liabilities could encourage more plan de-risking.
The pension risk-transfer mechanism is popular in the U.K. but just starting to gain traction in the United States.
A portion of Tussey v. ABB may now be retried.
