Pension Protection Act of 2006 (PPA)
When the Pension Protection Act of 2006 (PPA) was signed into law on August 17, 2006 it enacted the most significant changes in pension law since the Employee Retirement Income Securities Act of 1974 (ERISA). The PPA makes important and far-reaching changes to the federal laws governing traditional single employer defined benefit plans, multiemployer pension plans, “cash balance” and pension equity plans, 401(k) and other types of defined contribution plans and individual retirement accounts. The PPA reforms the funding rules for single employer and multiemployer defined benefit plans, provides for additional disclosure requirements, and amends prohibited transaction provisions and fiduciary rules and more.
These pages include regulations and official guidance from government agencies as well as additional sources of information on this sweeping pension reform.