Pension Protection Act Of 2006
President of the United States, George W. Bush
Herausgegeben: Radoslav, Loki
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Pension Protection Act of 2006 (Pub. L. 109 280), 120 Stat. 780, was signed into law by U.S. President George W. Bush on August 17, 2006.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. It also requires companies to analyze their pension p...
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Pension Protection Act of 2006 (Pub. L. 109 280), 120 Stat. 780, was signed into law by U.S. President George W. Bush on August 17, 2006.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. It also requires companies to analyze their pension plans' obligations more accurately, closes loopholes that previously allowed some companies to underfund their plans by skipping payments, and raises the cap on the amount employers are allowed to invest in their own plans.
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