Letter from ERIC and Over 300 Companies Requesting Funding Relief

 

Document Excerpt

ERIC and Over 300 Companies Request Defined Benefit Funding Relief

 Washington, DC — ERIC along with over 300 companies and organizations in a November 12th letter urged the Chairmen and Ranking Members of the House Ways and Means Committee, House Education and Labor Committee, Senate Health, Education, Labor and Pensions Committee, and the Senate Finance Committee to approve temporary relief from the Pension Protection Act’s funding requirements.

The letter discusses the impact of the financial crisis on defined benefit plan funding and urges the Members to consider legislation that would help companies navigate the current economic crisis while minimizing adverse impacts on the DB pension plans they sponsor

Link http://www.eric.org/forms/documents/DocumentFormPublic/view?id=15C720000005E

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