What's the latest on the proposal to change the PBGC interest rate for calculating the variable prem? Is the congress even looking at this right now?

The low interest rates starting Jan 2004 is producing a variable prem for some of the plans I am working on.

HR3108. No action in conference committee, although some discussion has been held. Note that the proposal would change the definition of the iterest rate, but does not change the "85% of prior month" characteristic.

The conferees are meeting and dealing with a number of different issues in the bill. This part of it has been settled, but the status of the overall bill is in jeopardy because of DRC and multiemployer relief provisions.

They must finish their work within the next week and a half, or else will not be able to do it until late April (after the first quarterly contributions are due). This is because Congress recesses for two weeks on April 1.