Tag: American Rescue Plan Act
Making liabilities look small doesn’t make them go away. In doing background reading to figure out how many companies may follow IBM and reopen a closed defined benefit plan, commentators kept referring to “funding relief,” which – combined with the improved funded status and de-risking – has dramatically reduced the likelihood that a company would…
Making the change permanent would improve the return to work for older workers. Among many other things, the $1.9 trillion American Rescue Plan Act increased eligibility and the amount of the earned income tax credit (EITC) for taxpayers with no qualifying children for 2021. In particular, the legislation lowered the minimum age to claim t…