Financial turmoil sparks debate over Pension Protection Act

January 2009
Employee Benefit News;Jan2009, Vol. 23 Issue 1, p45
The article discusses the proposed amendment of the Pension Protection Act of 2006 (PPA) amid an economic downturn in the U.S. Ann Combs of Vanguard Strategic Retirement Consulting says the goals of PPA were to expand coverage through automatic enrollment and improve investment outcomes through the default investment alternatives. The proposals of the American Benefits Council include expansion of middle income groups eligible for the federal savers credit.


Related Articles

  • Arizona Speaker Unveils Pension Reform Measure. Williamson, Richard // Bond Buyer;2/9/2011, Vol. 375 Issue 33464, p5 

    The article reports that Arizona House Speaker Kirk Adams has introduced a bill that would cut down pension responsibilities by an extension of retirement age to 65.

  • NEWS SUMMARIES.  // Benefits & Compensation Digest;Jan2009, Vol. 46 Issue 1, p43 

    This section offers news briefs related to employee benefits and compensation in the U.S. It reports on the growth in frequency of use and sophistication of incentives for participation in health promotion activities. The Pension Protection Act deems plans as critical or endangered when they are...

  • Target-Date Troubles. ASCHKENASY, JANET // Treasury & Risk;Apr2009, p20 

    The article focuses on the effect of the addition of a new fiduciary protection for Qualified Default Investment Alternatives (QDIA) in the Pension Protection Act (PPA) on retirement funds. It details the concerns raised by company officials on the increased number of lawsuits stemming from the...

  • Pension reform rushed in. Dunn, Janiey // Illinois Issues;May2010, Vol. 36 Issue 5, p8 

    The article reports on the implications of the proposed pension reform bill in the U.S. It states that the new version of the bill, which was signed by governor into law in April 2010, will only be applicable to newly hired employees and will not affect the benefits of existing state workers. It...

  • Public Pensions No Benefit for Short-Term Workers. Moore, Rebecca // Plan Sponsor News;2014, p53 

    The article reports on the analysis of Urban Institute's Program on Retirement Policy in the U.S. that workers gain no benefit from their pension plans if they spend less time in government service. It states that only 19 percent of pension plans from state and local government workers hired at...

  • EBN launches "Rethinking Retirement.". BUTLER, KELLEY M. // Employee Benefit News;Dec2008, Vol. 22 Issue 15, p11 

    The article announces that, under the banner Rethinking Retirement, the magazine "Employee Benefit News" and its sister publications will in the coming months offer in depth coverage of the 2008 financial crisis and its impact on employee benefits.

  • LEGISLATIVE Scorecard.  // Legal-Legislative Reporter;Sep2009, Vol. 43 Issue 9, p14 

    The article offers information on proposed legislative bills that relate to employee benefits industry in the U.S. These bills were introduced in 2009 and also concern health care and pension plans. Some of the bills presented are House Resolution (HR) 3047 or the Balancing Act of 2009, HR 3067...

  • LEGISLATIVE Scorecard.  // Legal-Legislative Reporter;Jan2010, Vol. 44 Issue 1, p14 

    Summaries of several bills related to employee benefits, health care and pension plans in the U.S. are presented, including the Emergency Influenza Containment Act, the Affordable Access to Prescription Medications Act of 2009, and the Affordable Health Care for America Act.

  • Congress OKs modest pension funding relief. Geisel, Jerry // Business Insurance;12/15/2008, Vol. 42 Issue 50, p1 

    The article reports on the passage of the Worker, Retiree and Employer Recovery Act of 2008 by the U.S. Congress. The legislation removes transitional provision in 2006 law that requires employers to start to fully fund their plans if they miss set funding target percentages. It suspends for...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics