President Obama last week signed into law a transportation measure that will change how companies calculate what they must contribute to their pension funds. Companies will be able to estimate the earnings of their pension fund based on the average interest rate over the past 25 years rather than using the average for the past two years, when rates have been unusually low.
Insurer says it will boost its 401(k) match from 50% to 100% of the first 4% employees defer.
Despite the intangible in its name, the levy applies broadly to income.
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
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