COLLECTED WISDOM™ On The Pension Protection Act of 2006

Here is a collection of articles, tables, commentary, rulings and other information on the Pension Protection Act of 2006.

PPA Makes Additional Changes to DC Plan Rules for 2008 and Beyond - Summary: This is a detailed overview of specific aspects of the 2006 pension reform legislation (PPA) affecting defined contribution plans that are effective in 2008 and beyond. Located at: Prudential Retirement , July 2007. Click on headline for full article.

New Developments Regarding 'Investment Advice Arrangements' under PPA - Summary: As plan fiduciaries become acquainted with the new EIAA rules, it seems likely that more plans will elect to take advantage of such an arrangement, particularly since the cost of the arrangement may be paid from plan assets. As is generally the case with any decision subject to the standards of ERISA, however, care should be taken. Located at: Trucker Huss, May 2007. Click on headline for full article.

Overview of the PPA - Summary: New rules for retirement plans, new plan design options, new plan requirements, and new fiduciary protection. Located at: Hay Group , November 2006. Click on headline for full article.

PPA Signals a New Era for the Private Pension System - Summary: In August, with the signature of President Bush, the Pension Protection Act of 2006 (PPA) quietly became the most comprehensive pension reform package since ERISA was passed in 1974. Its significance cannot be overstated! Located at: 401khelpcenter.com, November 2006. Click on headline for full article.

Key Provisions of the Pension Protection Act of 2006 - Summary: On August 3, 2006, the Senate passed HR 4, the Pension Protection Act of 2006, by a vote of 93 to 5. Sal L. Tripodi, for ASPPA, has authored this detailed summary of the preliminary review of the 907-page bill. Located at: ASPPA, August 2006. Click on headline for full article.

Securing Retirement: An Overview of the Pension Protection Act of 2006 - Summary: To assist you in understanding and managing the provisions of the new legislation, Deloitte has produced "Securing Retirement: An Overview of the Pension Protection Act of 2006," a concise guide to navigating the Act's significant pension issues. Located at: Deloitte, August 2006. Click on headline for full article.

Some Lessor Provisions of the PPA - Summary: The media reporting around the defined contribution provisions in the Pension Protection Act of 2006 has focused on just a few key issues: advice, automatic enrollment and EGTRRA permanence. But there are over 30 other provisions. Here are a few highlights on other sections of the bill. Located at: 401khelpcenter.com, August 2006. Click on headline for full article.

COMMENTARY: A Finance Professor's View on the PPA 2006 - Summary: "The bill does not address either of the two issues that I regard as crucial to fixing what is wrong with the U.S. private pension system today. The first of these relates to the traditional defined benefit pension system and the federal government agency that insures it: the PBGC. The second relates to the emerging new pension system that is built around 401k, 403b, IRAs and other self-directed investment accounts." Located at: Benefitslink.com, August 2006. Click on headline for full article.

CCH Briefing on the Pension Protection Act of 2006 - Summary: The mammoth Pension Protection Act of 2006 (H.R. 4) does not only strengthen traditional pension plans. It also extends and, in some cases, improves over 20 retirement tax-savings benefits, many of which taxpayers had come to expect as permanent; adds extensive new rules governing specific charitable donations; imposes tighter controls on exempt organizations; and impacts over a dozen other major tax provisions. Located at: CCH , August 2006. Click on headline for full article.

Amendments to the Definition of Plan Assets - Summary: Section 611(f) of the Pension Protection Act of 2006 adds a definition of "plan assets" to ERISA, and as a result, significantly decreases the likelihood that an investment fund would be deemed to be holding "plan assets." Located at: White & Case LLP, August 2006. Click on headline for full article.

PPA Sets New Prohibited Transaction Rules and ERISA Fidelity Bond Requirements - Summary: This Alert focuses on changes to the prohibited transaction restrictions of ERISA and the Internal Revenue Code of 1986 that affect investment advisers, broker-dealers, and others that provide financial services to plans (either directly or indirectly through entities whose assets are considered to include "plan assets" for ERISA purposes). This Alert also discusses changes to ERISA's fidelity bond requirements. Located at: Kirkpatrick & Lockhart Nicholson Graham LLP , August 2006. Click on headline for full article.

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