Pension Protection Act of 2006

Pension Protection Act of 2006
Pension Protection Act of 2006 (PPA)
USA
A federal law providing for comprehensive pension reform that addresses a variety of employee benefit plan topics including:
• Revised minimum funding requirements for defined benefit plans and multi-employer plans.
• Enhanced disclosure to participants regarding plan assets and liabilities.
• Stricter reporting requirements to the government for underfunded plans.
• Tax benefits to encourage retirement savings.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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