Two former top staffers at the U.S. Federal Reserve have joined in urging the Fed to say explicitly what it will do if interest rates hit zero again.
“It seems to me that this is one of those once in 100 years catastrophic events that annihilates those who provide insurance against it."
As had the version passed out of the House Ways and Means Committee, in addition to bailing out certain multiemployer pension plans and temporarily reducing funding requirements for single-employer
For taxpayers who are relying on their retirement plans on a month-to-month basis for living expenses, the expiration of the suspension won’t be an issue.