US - Federal employees would have to contribute 1.2 percentage points more of their salary towards their retirement plans under plans put forward by President Barack Obama.
Obama's latest deficit reduction proposal, aimed at cutting at least $1.5trn from the federal government's budget deficit over the next 10 years, also recommends that the PBGC set its own risk-base...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
