The most recent modification to pension funding rules (the
Pension Protection Act of 2006) further alters the amortization of unfunded obligations.
First, Congress must insist on strict, unwavering adherence to the funding reforms of the
Pension Protection Act of 2006 CPPA") and may need to amend the legislation to facilitate compliance.
The
Pension Protection Act of 2006 required the IRS to get a more accurate picture of the tax-exempt world, according to Bob Ottenhoff, president and CEO of GuideStar.
Target-date fund usage has increased through a number of avenues: participants actively choosing the funds; the funds' designation as one of three eligible 'qualified default investment alternatives,' or QDIAs, under the
Pension Protection Act of 2006; and the growth of automatic enrolment plans, which frequently designate target-date funds as the default investment for participants as they are put in the plan.
The
Pension Protection Act of 2006 stipulates that most tax-exempt organizations, other than churches or other houses of worship, must file a yearly return or notice with the IRS.
The
Pension Protection Act of 2006 introduced a new notification requirement for small tax-exempt organizations that are not required to file an annual information return under IRC [section] 6033(a)(1).
To foster greater participation among workers who have access to such plans, Congress included provisions that facilitate plan sponsors' adoption of automatic enrollment policies in the
Pension Protection Act of 2006. To foster greater retirement savings among workers who do not have access to an employer-sponsored plan, proposals have been made at the federal level for an "automatic IRA" and at the state level for state-based programs.
Declining investment values has resulted in many companies' inability to fund pensions under the
Pension Protection Act of 2006.