Senate Finance Committee Chairman Charles E. Grassley, R-Iowa, said today it is imperative that Congress pass a broad pension reform package that has stalled in the Senate. "Without reform, we'll default to the 30-year Treasury rate (for calculating pension liabilities) and deficit reduction contribution rules" that employers have fought hard to eliminate, he said at a meeting at the U.S. Chamber of Commerce. Also, "without reform we'll see more pension funding crises and an even louder public outcry for stronger action."
Senate Finance Committee Chairman Charles E. Grassley , R-Iowa, said...
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