Friday, March 6, 2009

Overheard @: Pension relief 'killed two birds with one stone'

In a "Five Minutes With ..." podcast, Evan Inglis, chief actuary for the Vanguard Strategic Retirement Consulting group, talks with Associate Editor Lydell Bridgeford about the short- and long-term implications of the Worker, Retiree and Employer Recovery Act as it relates to pension funding relief for DB plan sponsors in light of the economic crisis.

Inglis says that as the law contained PPA technical corrections as well as provide breathing room for plan sponsors, it "killed two birds with one stone." Click here to download the audio, and click here to read the March EBN article, "Pension lifeline too short, experts say."

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