Pension Protection Act of 2006
On August 17, 2006, H.R. 4, known as The Pension Protection Act (PPA) of 2006, was signed into law. The PPA will eventually affect the funding and regulation of almost all forms of retirement and deferred compensation plans, with most changes becoming fully effective by 2008.
This Summary is not intended to help explain all aspects of the law but rather focus on specific elements that will most directly impact defined benefit pension plans of the type in place in our basic manufacturing industries. The Summary also covers certain provisions that affect "cash balance" and other forms of hybrid plans, as well as 401(k) and related defined contribution arrangements.
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