FACTBOX-Main provisions of U.S. House pension bill


July 28 (Reuters) - The House of Representatives on Friday approved a bill to restore the health of traditional corporate pension plans and the government agency that insures them. Following is a summary of the legislation's key provisions. MINIMUM FUNDING, TRADITIONAL PLANS * Tightens rules to require full funding of single-employer defined benefit plans starting in 2008, up from 90 percent funding now. Plans must erase funding shortfalls in 7 years. * Bases interest rate for ...

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