PPA 2006

E181955

PPA 2006 is a U.S. federal law that overhauled pension funding rules and strengthened protections for workers’ retirement benefits.

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Label Occurrences
PPA 2006 canonical 1

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Statements (46)

Predicate Object
instanceOf United States federal law
pension reform law
abbreviation PPA
affects multiemployer pension plans
plan participants
plan sponsors
retirees
aimsTo protect participants’ accrued benefits
reduce underfunding of pension plans
amends Employee Retirement Income Security Act of 1974
Internal Revenue Code
surface form: Internal Revenue Code of 1986
authorizes qualified default investment alternatives
classification labor and employment legislation
tax and revenue legislation
concerns automatic enrollment in retirement plans
fiduciary standards
pension funding
retirement savings
country United States of America
surface form: United States
dateSigned 2006-08-17
encourages automatic contribution escalation
automatic enrollment in 401(k) plans
establishes funding rules for multiemployer plans
fullName Pension Protection Act of 2006
goal enhance retirement security
improve transparency of pension funding status
jurisdiction United States government
surface form: United States federal government
presidentAtSigning George W. Bush
primaryPurpose overhaul pension funding rules
strengthen protections for workers’ retirement benefits
provides rules for default investment alternatives
safe harbor rules for automatic enrollment
regulates 401(k) plans
defined benefit pension plans
defined contribution plans
employer-sponsored retirement plans
relatedTo Employee Retirement Income Security Act of 1974
surface form: ERISA

Pension Benefit Guaranty Corporation
surface form: PBGC
requires additional disclosures to plan participants
more timely funding of pension obligations
signedBy George W. Bush
strengthens funding requirements for defined benefit plans
subjectArea employee benefits
pension law
tax law
yearEnacted 2006

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.