NRECA fully supports the "Preserve Benefits and Jobs Act of 2009" (H.R. 3936) that will prevent the Retirement Security Plan from being subject to any Deficit Reduction Contribution assessment in 2010 or 2011. Eliminating the requirement of the Deficit Reduction Contribution will help co-ops avoid the impossible choice of increasing electricity rates, reducing or eliminating retirement benefits all together or laying off quality employees to pay for massively inflated short-term liabilities.
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