Pension Protection Act of 2006

(redirected from Pension Protection Act)

Pension Protection Act of 2006

Legislation in the United States requiring companies to pay higher premiums to the Pension Benefit Guaranty Corporation (which insures pensions) if those companies' pensions are underfunded. It also provides greater tax benefits for companies that invest in their own pensions.
References in periodicals archive ?
Target-date funds, introduced in the 1990s, experienced rapid adoption rates after the Pension Protection Act of 2006 paved the way for plan sponsors to add the broadly diversified portfolios as default investment options in plans with automatic enrollment.
The bipartisan legislation, backed unanimously by both houses of Congress, secures permanent relief for multiple-employer retirement plans like NTCA's Retirement & Security (R & S) Program from certain funding requirements of the Pension Protection Act of 2006.
The council warns that important provisions in the Pension Protection Act of 2006 (PPA) addressing multiemployer plan funding that sunset at the end of this year must not only be extended, but also improved.
Several big changes have taken place recently in the LTC marketplace, including the passage of the Pension Protection Act, the rise of new approaches to funding long-term care and recent clarification from the Internal Revenue Service.
Includes Pension Protection Act of 2006 exemptions: Current through January 1, 2012; 2v.
It was specifically required by the Pension Protection Act of 2006, Public Law 109-280, which became effective on Aug.
In 2006, the Pension Protection Act was passed, which provides safe-harbor protections for companies that adopt plans that have automatic enrollment and savings escalation provisions.
And the guidelines we follow are based not upon the Pension Protection Act of 2006 as we prefer to rely upon the historical guidance offered by the Department of Labor in their SunAmerica Opinion Letter (2001-09A).
The requirement stems from the Pension Protection Act of 2006,which went into effect in 2007.
Topics include: the genetic basis of aging, age management treatments which target silenced genes, stem cells in aging and the influence of genetic and environmental factors, health insurance coverage for retirees, benefit pension reform for single-employer plans, the Pension Protection Act of 2005, and income of Americans 65 and older 1969-2004.
While the Pension Protection Act of 2006 allows companies to amortize plan losses over seven years, three legislative proposals would extend that time frame to nine years and let companies pay only the interest in the first two years, Ricard says.
The regulations adopt with modifications the 2007 proposed regulations (REG-133300-07) providing guidance on implementing provisions of the Pension Protection Act of 2006, EL.