Pension “Smoothing” – The Highway and Transportation Act of 2014

September 2014
On August 8, 2014, President Obama signed into law the Highway and Transportation Funding Act of 2014(HTFA). This legislation theoretically helps to fund the Highway Trust Fund by reducing corporate pension contributions, which are tax deductible. Required pension contributions will be reduced by extending the interest rate stabilization provisions that had been introduced by the Moving Ahead for Progress in the 21st Century Act (MAP-21).


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