print-only banner
The White House Skip Main Navigation
In Focus
News by Date
Federal Facts
West Wing

 Home > News & Policies > April 2004

For Immediate Release
Office of the Press Secretary
April 10, 2004

Statement on H.R. 3108
Statement by the Press Secretary

On Saturday, April 10, 2004, the President signed into law:

H.R. 3108, the "Pension Funding Equity Act of 2004," which establishes a two-year temporary replacement of the benchmark interest rate for determining funding liabilities of private sector pension plans; establishes temporary alternative minimum funding requirements for certain underfunded pension plans; and allows certain multiemployer plans to temporarily delay the amortization of specified losses.