NESTEGNational Employee Savings and Trust Equity Guarantee
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According to an explanation of the NESTEG bill, the provision is based on the presumption that the rate will produce income tax withholding that more accurately reflects an employee's actual tax liability:
As Congress enters a critical stage, less than four months before temporary funding relief for defined benefit plans expires, Towers Perrin, a global professional services firm, today released an analysis of how well each of the three major funding reform proposals -- the Bush Administration's package, the Pension Protection Act of 2005 (HR2830) and NESTEG (S.
Current Pension Towers Contribution Funding Administration Protection Perrin Results Rules Proposal Act NESTEG Proposal Average contributions (% of pay) 7.