In a letter to Congress, The ERISA Industry Committee (ERIC) and over 60 other organizations and companies urged Congress to oppose further PBGC premium increases. The letter states:
“The undersigned organizations represent thousands of employers who provide retirement benefits to millions of workers. We urge you to protect these job-creators, workers, and their retirement security by opposing any efforts to further increase premiums paid to the Pension Benefit Guaranty Corporation (PBGC) by sponsors of single-employer defined benefit plans.”
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