Protecting Charity and Coop Pensions (H.R. 4275)
Do you support or oppose this bill?
What is H.R. 4275?
(Updated January 31, 2017)
This bill was enacted on April 7, 2014
Many charities and coops provide their employees with retirement benefits through defined benefit multiple employer pension plans, also known as CSEC plans. These plans allow small, community- focused employers to pool their resources to achieve economies of scale otherwise only available to large employers. Although CSEC plans have operated successfully for decades, they are poised to become subject to the Pension Protection Act of 2006 (“PPA”), which would threaten the ability of many non-profit employers to continue to offer pension benefits. This act protects CSECs by freezing premiums.
Argument in favor
Argument opposed
Impact
The enactment of this bill should translate to more non-profit employers being able to offer pension benefits.
Cost of H.R. 4275
The CBO estimates that the plan will raise $254 million over the next ten years and reduce by the deficit by $194 million over the same period.
Additional Info
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