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Pension Protection Act of 2006

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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.


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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.
The Pension Protection Act of 2006 added IRC [section][section] 101(j) and 60391 concerning employer-owned life insurance contracts.
 
 
 
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