Summary of Compromise Proposal On Pbgc Provisions And Pension Funding Jcx-28-87

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Same as applies to waiver provisions.
E. Experience gains and losses Finance Committee bill.
Effective date . Finance Committee bill.
F. Gains and losses due to changes in assumptions Reduce present law amortization period from 30 years to 10 years.
Effective date. Finance Committee bill.
G. Actuarial assumptions must be reasonable Finance Committee bill, except that the interest rate applicable in determining current liability must be used with respect to section 412 generally if the funded ra
...tio of the plan is less than 100.
Effective date. Finance Committee bill.
H. Limitation on amortization of past service credits Ways and Means Committee bill, effective for plan years beginning after December 31, 1987. The effective date is not intended to create any inference with respect to present law.
I. Limitation on deduction for contributions to certain plans not less than unfunded termination liability Finance Committee bill. In determining current liability for purposes of this rule, assets are not reduced by credit balances.


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