March 3, 2020
As had the version passed out of the House Ways and Means Committee, in addition to bailing out certain multiemployer pension plans and temporarily reducing funding requirements for single-employer pension plans, the legislation would freeze the annual cost-of-living adjustments (COLA) for overall contributions to defined contribution plans and for the maximum annual benefit under a defined benefit plan, effective for calendar years beginning after Dec. 31, 2030.
