NU Online News Service, April 22, 2:53 p.m. EDT
A number of business groups issued a letter expressing alarm about a proposal in the Obama administration's budget for 2012 that they project could result in a doubling of annual pension guaranty agency premiums.
Effectively, under the proposal, Congress would not be able to intervene with the Pension Benefit Guaranty Corporation (PBGC) to reduce proposed premiums.
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