The Pension Protection Act of 2006 (PPA), signed into law on August 17, 2006, is the most sweeping pension legislation in over 30 years and includes a number of significant tax incentives to enhance and protect retirement savings for millions of Americans.
For additional retirement plan information, see:
What's New
H.R. 7327
On December 23, 2008, P.L. 110-458 (H.R. 7327), the Worker, Retiree, and Employer Act of 2008 (Act), was signed into law by the President. The Act makes technical corrections related to the Pension Protection Act of 2006.
Technical Explanation of H.R. 7327
Explanation of the “Worker, Retiree, and Employer Recovery Act of 2008,” as passed by the House on December 10, 2008.
Rev Proc. 2008-67, 2008-48 I.R.B. 1211 sets forth the procedure by which the sponsor of a multiemployer pension plan may request and obtain approval of an extension of an amortization period in accordance with §431(d) of the Code and §304(d) of ERISA. This revenue procedure supersedes Rev. Proc. 2004-44, 2004-31 I.R.B.134.
Notice 2008-108, 2008-50 I.R.B. sets forth a list of changes referred to in Rev. Proc. 2007-44, 2007-2 C.B. 54, pertaining to the statutory, regulatory, and guidance changes needed for certain requests to the IRS for opinion, advisory, and determination letters for the 12-month period beginning February 1, 2009.
Information on the PPA:
Published Guidance:
Newsletter Articles:
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Section 204(h) Notice Not Required in 2007 for Certain PPA Amendments/
IRS Issues Mortality Table to Calculate Defined Benefit Plans Lump Sums in 2008
( Employee Plans News, News Flash, November 6, 2007)
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All I Want for Christmas is Some Pension Protection Act Guidance
( Employee Plans News, Winter 2007)
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Provisions of the Pension Protection Act of 2006 Effective in 2007
( Retirement News for Employers, Fall 2006)
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Highlights of the EP-Related Provisions of the Pension Protection Act of 2006
(Retirement News for Employers, Summer 2006)
Other Information:
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Sample Automatic Enrollment and Default Investment Notice
A sample notice that plan sponsors may use to inform participants about their
rights and obligations under the PPA "eligible automatic contributions
arrangements" (EACAs) and "qualified automatic contributions
arrangements" (QACAs).
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Text of proposal to make changes required by the Pension Protection Act of 2006 (PPA) to the Form 5500 Annual Return/Report filed for employee benefit plans under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (Code).
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