The Pension Protection Act of '06

Vincent, Florence
March 2007
Enterprise/Salt Lake City;3/19/2007, Vol. 36 Issue 37, p8
The article discusses the Pension Protection Act of 2006 (PPA) signed into law by U.S. President George W. Bush on August 17, 2006. According to the author, the PPA aims to address the increasing number of under-funded qualified defined benefit pension plans in the country. The author further notes that the PPA strengthens existing federal funding requirements and also introduces a new interest rate methodology to determine lump sum distributions.


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