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September 23, 2014, Bloomberg BNA
Robert Newman and Richard Shea are quoted in this article regarding the recently released rules on hybrid defined benefit plans:
"The final rules open up a new world for employers wanting to offer retirement plans to their employees and could eventually slow the migration from defined benefit plans to defined contribution plans, Robert Newman and Richard C. Shea of Covington & Burling LLP said Sept. 19."
“These regs are really, really important because they create a new opportunity that hasn't existed before,” Shea said.