In connection with a hearing scheduled by the House Committee on Ways and Means for April 30, the Joint Committee on Taxation has issued a report entitled Present Law and Background Relating to the Funding Rules for Employer-Sponsored Defined Benefits Plans and the Financial Position of the Pension Benefit Guaranty Corporation (“PBGC”). The Committee will be addressing the underfunding issues related to defined benefit plans which is currently causing such great concern for so many companies.
Report by House Committee on Ways and Means on Pension Funding
In connection with a hearing scheduled by the House Committee on Ways and Means for April 30, the Joint Committee on Taxation has issued a report entitled Present Law and Background Relating to the Funding Rules for Employer-Sponsored Defined Benefits…