Thursday, March 20, 2014

Pension Smoothing Resurfaces in Senate Bill to Extend Unemployment Benefits

A proposal to extend the interest stabilization provision included in the previously enacted MAP- 21 legislation has resurfaced in another bill to extend unemployment benefits, but this time in legislation sponsored by Senate Republicans.

Senator Dean Heller (R-NV) on March 6 introduced legislation that would maintain segment rates within 90% to 110% of 25-year average rates through 2017, and then incrementally expand the corridor to 70% to 130% after 2020. Six other Senate Republicans are also cosponsoring the legislation.

ERIC members and trial members can read more here.
The bill is available here.

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