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.

Pension, health, and welfare funds, Finance, Insurance industry, Pension Benefit Guaranty Corp., Pension plan termination insurance

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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.

Finance, taxation, & monetary policy, Taxation, Clinton, Bill, Compensation and benefits, Economic policy, Budget, Budgeting, Budgets, Compensation management, Executives, Executive compensation, Health insurance, Employee benefits, Salary reduction savings plans, 401K plans, Medicare, Social security beneficiaries, 1994 AD

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