re: Here is the Far-Left Wish List Nancy Pelosi Just Blew Everything Up For

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The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) impacts nearly all types of employers and retirement plans. Below is a summary of the provisions with the titles color coded based on applicability.

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Sec. 115. Special rules for minimum funding standards for community newspaper plans.
The SECURE Act would allow certain community newspaper defined benefit plans to elect to use different interest rates for funding purposes. In addition, such entities would be allowed to amortize any shortfall over 30 years rather than the current 7 years. A community newspaper plan is a plan maintained by an employer that, as of December 31, 2017:
* Publishes and distributes (either electronically or in print) one or more community newspapers in a single state;
* Is not publicly traded or controlled by a publically traded company;
* Is controlled by:
o one or more persons residing in the state where the community newspaper is published;
o for not less than 30 years, individuals who are members of the same family;
o a trust created or organized in the state in which the newspaper is published;
o a 501(c)(3) entity and the primary purpose of the entity is to benefit communities in
the state; or
o a combination of the above; and
* Does not control any newspaper in any other state.

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