Vipal Monga
speaker
72 appearances
2 recordings
1 series
first heard Jun 2018
last heard Jul 2018
Vipal Monga’s voice in public audio — every appearance, attributed to the second.
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Appearances
much more complicated than that.
Companies have looked for a lot of relief, and they've gotten some temporary relief from Congress through various legislation that's passed in a few years.
So they've been able to avoid having to top up the plans.
But now here's a chance to really take advantage of the opportunity afforded them, and I think they're doing it.
Pensions are a big drag on their cash flow.
That's exactly right.
It's...
function of the fact that the tax deduction level has changed from 35% to 21%.
So companies are really rushing in this year to do so.
One of the side effects of this could be that next year you'll actually see a big drop down in pension contributions because there'll be less incentive to do so.
So it could be $90 billion this year, much less next year.
Thank you very much.
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