Podcast Center
Video Center
Webcasts
Resource Center
Events
February 09, 2006 at 04:41 AM
A budget bill that will raise pension insurance premiums and could help private long term care insurers has become law.
President Bush signed the bill, S. 1932, Wednesday.
Consumer groups have complained that the long, complicated package, the Deficit Reduction Act, will impose cruel cuts on college aid programs, health insurance programs for children and other programs.
For private insurers, some of the key section of interest may be one that will increase annual premiums for defined benefit pensions backed by the Pension Benefit Guaranty Corp. to $30 per plan member, from $19 per plan member.
