Defined benefit plan sponsors can put off worries about pumping more dollars into their pension plans or higher Pension Benefit Guarantee Corporation premiums under the highway spending legislation that Congress sent to President Obama for his signature.
At least for the short term.
The Highway Trust Fund would have run out of money within weeks unless Congress acted earlier this week.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
