Pension Protection Act of 2006


Also found in: Acronyms, Wikipedia.

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 ?
The Pension Protection Act of 2006 implemented a series of changes in the minimum funding requirements for defined benefit plan sponsors.
Representative John Boehner (now Speaker of the House) of Ohio's 8th District sponsored The Pension Protection Act of 2006, (174) which tightened ERISA's funding requirements by forcing employers to make more cash contributions to their worker pension funds.
1) You could await final legislative and regulatory enactment by Congress and the Department of Labor and then determine your course of action; or, 2) you could continue to follow the guidelines set forth in the Pension Protection Act of 2006.
Many of the organizations likely were not required to file tax returns before the Pension Protection Act of 2006 went into effect because they had annual revenue of less than $25,000.
As an attractive companion to the Roth conversion opportunity, the Pension Protection Act of 2006 created a "stretch" provision that allows a non-spouse beneficiary who inherits assets in a qualified plan to transfer the balance in that plan directly to an inherited IRA, and then to elect to spread distributions from that IRA over a lifetime.
VanDerhi said as a result of the Pension Protection Act of 2006, many 401(k) plan sponsors appear to be offering lifecycle and target-date funds, which automatically rebalance asset investments into more age-appropriate allocations.
Declining investment values has resulted in many companies' inability to fund pensions under the Pension Protection Act of 2006.
Congress is likely to backtrack on some pension funding provisions in the Pension Protection Act of 2006.
The Pension Protection Act of 2006 allows taxpayers 70 1/2 years old and older to make tax-free transfers from IRAs to certain charitable organizations, including CLF.
The Pension Protection Act of 2006 (Pension Act) has several provisions encouraging individuals to make charitable contributions.
The left-side index heading "selected recent legislation and IRS guidance" offers resources covering the Pension Protection Act of 2006, hurricane-related tax relief, and the Tax Relief and Healthcare Act of 2006.
4, the Pension Protection Act of 2006 (Pension Act), (13) on August 17, 2006, referring to it as the first comprehensive transformation of retirement legislation since the Employment Retirement Security Act of 1974 (ERISA).