• What a Relief?—Congress Finally Passes Pension Funding Legislation
  • July 30, 2010 | Authors: Michael K. Blais; Patricia Eschbach-Hall; Jeffrey S. Leavitt
  • Law Firms: Jones Day - Dallas Office ; Jones Day - Cleveland Office
  • Congress has passed much-anticipated legislation providing funding relief for pension plan sponsors. The Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (the “Act”) was signed by President Obama and became law on June 25, 2010. The Act also provides limited relief relating to funding-based benefit restrictions imposed on underfunded plans.