Retirement Protection Act of 1994


Also found in: Acronyms.

Retirement Protection Act of 1994

Legislation designed to protect the pension benefits of workers and retirees by increasing required support of pension plans by employers.

Retirement Protection Act of 1994

Legislation in the United States designed to protect pensions for retirees and strengthen a government-administered program insuring them. Among its provisions, the Act required pension plans deemed to be underfunded to obtain enough cash and securities to cover benefits they were required to make. It increased the premiums for pensions insured by the Pension Benefit Guaranty Corporation that were in danger of default.
Full browser ?