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Keyword: corporatepensions

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  • U.S. Budget Deal Dings Corporate Pensions

    10/29/2015 7:17:57 PM PDT · by 11th_VA · 13 replies
    WSJ ^ | Oct 28, 2015 | By Vipal Monga CONNECT
    Companies with corporate pensions will end up paying a price if a sweeping budget and debt deal proposed by Congress becomes law. The House of Representatives is expected to pass legislation as soon as Wednesday that would eliminate the risk of a government default until after 2016 and increase government spending for the next two years. But the plan proposes steep increases to fees that companies pay to the nation's pension insurer, to help fund the added budget spending. According to the proposed budget, companies that have defined benefit pension plans would have to increase the fees they pay to...