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In advance of the health care summit on February 25, President Obama has released his health care reform proposal, which includes a targeted set of changes to the Senate-passed health insurance reform bill and reflects policies from both the House-passed bill and the President’s priorities.
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In a letter addressed to the four top congressional leaders, White House Chief of Staff Rahm Emanuel and Health and Human Services Secretary Kathleen Sebelius outlined the format of the scheduled February 25 health care reform meeting requested by President Barack Obama.
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Since the vast majority of Americans who have health coverage get it through their jobs, one obvious question raised by the health reform legislation pending in Congress is: How might it affect the U.S. employment-based health benefits system?
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Many employers with defined benefit plans could face unexpected and significant challenges as early as April. Required contributions could more than double this year and funding levels could drop enough to trigger benefit payment restrictions put in place by the Pension Protection Act (PPA) of 2006.
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In a press statement, ERISA Industry Committee (ERIC) president Mark Ugoretz expresses disappointment with the decision to not include pension-funding relief in the Senate jobs bill.
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In a Tax Tip, the IRS has listed the "top ten" facts about taking early distributions from retirement plans.
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The PBGC has posted to its website the immediate interest rate for valuing lump-sum and annuity payments for March 2010 and the spot first, second, and third segment rates for determining the variable rate premium amount for premium payment years beginning in February 2010.
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