The trade association for the country's largest plans sponsors wants to make sure the Pension Benefit Guaranty Corp. understands how de-risking can ultimately strengthen what remains of private-sector defined benefit plans.
For starters, it would like the agency to remain flexible and to write clearer language as it sets out to gather data on plans' de-risking efforts for the first time.
"By allowing companies to have flexibility and choice with respect to approaches to managing retirement plans, policymakers can support companies in their efforts to continue to provide their workers with retirement benefits through pension plans," said Kathryn Ricard, vice president for retirement policy at the ERISA Industry Committee.
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