Yellow Corporation (YELLQ)

[yesmistermorningstar]

The Butch Lewis Emergency Pension Plan Relief Act of 2021, legislation that the Ways & Means Committee in the U.S. House of Representatives is considering this week to include in a broader COVID-19 stimulus package, would allow a plan that is in critical status at the start of 2020 or 2021 to extend its rehabilitation period by five years. “This would give a plan additional time to improve its contribution rates, limit benefit accruals, and maintain plan funding — all on its own terms,” according to a summary of the legislation.