Premiums that companies pay to insure employee pensions would increase by $11 per person next year under a plan approved by a House committee on Wednesday. The government's Pension Benefit Guaranty Corp., facing a $23 billion deficit, could get an additional $6.2 billion over the coming five years under the measure.
October 27, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Premiums that companies pay to insure employee pensions would rise by $11 per person next year under a plan approved by a House committee Wednesday.
The government’s Pension Benefit Guaranty Corp., facing a $23 billion deficit, could get an additional $6.2 billion over the coming five years under the measure offered by Rep. John Boehner, R-Ohio, chairman of the House Education and Workforce Committee.
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