Insights
Client Alert
Lenders Beware! New Surcharge on Underfunded Pension Plan Terminations May Sink Distressed CompaniesAnd Your Money
March 30, 2006
Karol K. Denniston, J. Mark Poerio, Lynda M. Noggle and Toronda M. Silas
On February 8, 2006, the Deficit Reduction Act of 2005 took effect, with one pension-related provision that should cause lenders to take notice.