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 ?
Funding requirements for qualified defined benefit plans are governed under the Pension Protection Act of 2006 as amended by the Worker, Retiree, and Employer Recovery Act of 2008, as well as under other legislation and rules.
There is updated material on public policy coverage, Social Security and Medicare, and challenges facing global employers, as well as updated and revised coverage of consumer-directed medical expense plans, Health FSAs, and the Pension Protection Act of 2006.
THE AMERICAN COUNCIL OF LIFE Insurers is asking the Department of Labor to include guaranteed insurance products among those that could be used for automatic enrollment under the Pension Protection Act.
Bush signed the Pension Protection Act of 2006 into law on August 17, he called it "the most sweeping reform of America's pension laws in over 30 years.
This edition has been updated to include material on the Pension Protection Act, the Tax Relief and Health Care Act and the Tax Increase Prevention and Reconciliation Act (all of 2006), additional information on international business dealings and foreign income, and extended practice exercises for more opportunity to apply the information in the text.
The Pension Protection Act of 2006 passed by Congress this summer has a significant impact upon pension and savings plans, deferred compensation plans, employer-owned life insurance, 529 college savings plans and long-term care.
In fact, a large portion of the Pension Protection Act of 2006 contained rules for charities.
The Pension Protection Act of 2006 (PPA) may provide a boost to charitable organizations by permitting older taxpayers to donate--tax-free--up to $100,000 from an Individual Retirement Account, each year for the next two years, to a charitable cause.
There have been several bills introduced, but the Pension Protection Act of 2005 (H.
BOSTON -- Dietz & Lynch Capital announced today that it has adopted the 2010 Fiduciary Standard developedby the Foundation for Fiduciary Studies (FFS) to "harmonize fiduciary practices" across the financial services sector in accordance with the Congress' proposed Financial Reform Bill and to comply with the proposed language of the amended 2006 Pension Protection Act (2006 PPA).
The second edition has been updated to reflect recent developments, such as changes made by the Pension Protection Act of 2006.
Although touted as the first comprehensive pension legislation in more than 30 years, the Pension Protection Act of 2006 (PPA '06), signed by President Bush on Aug.