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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.

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