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House OKs Increase in Manager Tax, Defined-Benefit Funding Relief
The funding relief provision would allow DB plans to stretch out amortization periods for investment losses for two of the years between 2008 and 2011 over a period of either 15 years or nine years, at the option of the plan sponsor. Current law requires plans to amortize their investment losses over seven years.
- June 1, 2010
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