PBGC deficit causes concern on Capitol Hill
Article Abstract:
Both the Democrats and the Republicans believe that the pension underfunding difficulties of the Pension Benefit Guaranty Corp (PBGC) should be resolved. PBGC's deficit has substantially increased from $1 billion to $2.5 billion in two years. The underfunding has also prompted the House of Representatives to impose a provision requiring PBGCto provide the Congress with an annual list of all employers with substantial unfunded pension liabilities. The PBGC is also implementing some changes proposed by the Government Accounting Office.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1992
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Employee benefits and the Clinton budget
Article Abstract:
The generally non-controversial employee benefits-related provisions of Pres Clinton's fiscal 1994 budget proposal include a provision to reduce the qualified retirement plan compensation limit of IRS Code 401(a)(17), an executive compensation cap, a hospital insurance tax, and taxation of Social Security, employer-provided educational assistance and other provisions.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1993
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