US. Pension relief paves way for more de-risking

The $1.9 trillion American Rescue Plan Act signed by President Biden contains the most important changes in single employer pension funding relief rules since the introduction of the Pension Protection Act in 2006. What is changing? The new rules enforce two key changes in how minimum required contributions (MRCs) are calculated. Read also Retirees who pay the most in taxes make only $36,000 a year on average, study finds Firstly, the Act extends and enhances the Interest Rate Stabilization mechanisms brought in over the last decade (specifically, Moving...