Coop Pension Bill Passed in House

The U.S. House of Representatives has passed the Cooperative and Small Employer Charity Pension Flexibility Act (H.R. 4275).  This Act makes permanent a temporary exemption for rural cooperative “multiple-employer” defined benefit plans and similar plans for other not-for-profit organizations from the Pension Protection Act.  The Act will next go to the President for enactment.  For more information, see Pensions & Investments Online or the National Rural Electric Cooperative Association’s press release.

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