Pension funds criticize proposed rule on "reportable events"

A rule on "reportable events" proposed by the Pension Benefit Guaranty Corp. would impose an excessive burden on defined-benefit plans without giving the regulator much information, pension-fund advocates say. "It will only serve to enhance the trend to plan terminations," said Deborah Forbes, executive director of the Committee on Investment of Employee Benefit Assets, which represents major U.S. corporate pension funds.

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