NRECA Praises House Bill Lowering Coop Pension Premiums
The National Rural Electric Cooperative Association (NRECA) came out last week in support of the House of Representatives passing a bill to reduce premiums that coops pay to the Pension Benefit Guaranty Corporation for defined benefit pension plans. NRECA CEO Jim Matheson noted that the reduced premiums are in line with coops’ low-risk profile and will help coops continue to attract talent and provide for retirees.