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Employers gain more time to fully fund their defined benefit pension plans with the enactment of the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act (H.R. 3962) signed by President Obama. In exchange for the pension funding relief, employers must satisfy rules that will add complexity to companies' decisions to apply for the relief, Kathryn Ricard, senior vice president for retirement security at the ERISA Industry Committee, tells BNA.
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