5/12/2008: Employers Eye Possible Change on 'Smoothing' in Pension Protection Act of 2006 (HispanicBusiness.com)
Excerpt: "One [proposed technical correction to PPA '06] that is drawing fire centers on an accounting technique called 'smoothing,' which reduces volatility by permitting the use of expected returns on pension assets when calculating liability. The reform bill limited smoothing to 24 months instead of the previous four years."
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