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Small Employer Variable-Rate Premium Cap - The Pension Protection Act of 2006 caps the variable-rate premium for certain plans maintained by small employers, effective for plan years beginning in 2007 and later. The cap applies to a plan if the aggregate number of employees of the contributing sponsors of the plan and all members of their ...
This legislation requires companies who have underfunded their pension plans to pay higher premiums to the Pension Benefit Guaranty Corporation (PBGC) and extends the requirement of providing extra funding to the pension systems of companies that terminate their pension plans.
The Pension Protection Act of 2006 (PPA) strengthened protections for workers who are owed pension benefits. It greatly increased the amounts that workers can contribute to retirement plans.
Sec. 827. Penalty-free withdrawals from retirement plans for individuals called to active duty for at least 179 days. Sec. 828. Waiver of 10 percent early withdrawal penalty tax on certain distribu-tions of pension plans for public safety employees. Sec. 829. Allow rollovers by nonspouse beneficiaries of certain retirement plan dis-tributions ...
Prohibits underfunded plans, with funding targets less than 60% as of their valuation dates, from all future benefit accruals. Sets forth exceptions to such prohibitions, as well as special timing rules, provisions for restoration of benefits, and notice requirements.
The Pension Protection Act of 2006 (PPA) made significant reforms to U.S. pension plan laws and regulations. Signed into law by President George W. Bush on Aug. 17, 2006, the PPA...
The Pension Protection Act Strengthens The Federal Pension Insurance System. The legislation: Requires companies that under-fund their pension plans to pay additional premiums; Extends a requirement that companies that terminate their pensions provide extra funding for the pension insurance system;
The Pension Protection Act of 2006 will help shore up our pension insurance system in several key ways. It requires companies who underfund their pension plans to pay additional premiums. It extends the requirement that companies that terminate their pensions must provide extra funding for the system.
Full Title. An act to provide economic security for all Americans, and for other purposes.
The Pension Protection Act of 2006 (PPA) was a pension reform law signed by President Bush. What did it do, and what does it mean for your plan?