US House panel backs pension premium increases


WASHINGTON, Oct 26 (Reuters) - A plan to raise U.S. corporate pension insurance premiums was backed by a House panel on Wednesday, amid warnings that a taxpayer bailout loomed if something was not done to shore up the federal pension insurance agency. The measure, described as a fallback plan in case lawmakers do not enact comprehensive pension reforms, would raise up to $6.2 billion over five years for the Pension Benefit Guaranty Corp. (PBGC). It also would penalize companies that dump ...

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