X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The federal budget deal crafted this week by Representative Paul Ryan and Senator Patty Murray includes a significant increase in the premiums that businesses with pension plans have to pay the Pension Benefit Guaranty Corporation (PBGC) to protect plan participants in the event of a plan sponsor’s failure. The Wall Street Journal estimates that the total impact of the budget deal on plan sponsors would be around $7.9 billion. This comes on the heels of an approximately $9 billion increase that was part of last year’s MAP-21 legislation.

T&R Express

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.