Proposed Government Unit Would Let Pension Plans Borrow Money
Legislation would set up a new office, the Pension Rehabilitation Administration, within Treasury.
By Marlene Y. Satter, BenefitsPro|November 27, 2017 at 02:53 AM
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Lawmakers have drafted legislation to create a new office within the Treasury Department, the Pension Rehabilitation Administration, that would allow pension plans to borrow money to remain solvent while providing retirement benefits for retirees and workers.
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