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Secretary of Labor Thomas E. Perez
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FY 2006 Budget Highlights - Slide 9

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PROTECTING AMERICA'S WORKFORCE
THE FY06 BUDGET

Protect Workers' Pay, Benefits and Union Dues

Protect Workers in Defined Benefit Pension Plans

  • Strengthen and simplify funding rules so pension promises are kept
  • Improve disclosure so workers can understand the financial status of their plans
  • Reform pension insurance premiums to reflect a plan's risk and ensure the fiscal integrity of PBGC
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