US - Democratic representatives and senators reached an agreement on a proposal to provide funding relief for pension plans and in some cases extend the smoothing period.
Under the American Jobs and Closing Tax Loopholes Act, single employer defined benefit plans would be allowed to use an extended 9-year amortisation period with interest only being paid in the firs...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date