Pension Protection Act Of 2006 (PPA)

Definition

Legislation signed into law on August 17 2006, for which the primary goals was to protect and enhance the retirement savings and pension provisions. Changes enacted under PPA 06 include the following:

PPA 06 was primarily intended to increase the retirement security of defined benefit plan participants, by making it harder for plan sponsors to default on funding obligations.

Referring Cite

PPA 2006

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