H.R. 6382 would make technical corrections related to the Pension Protection Act of 2006.

== Detailed Summary ==

<summary>
Pension Protection Technical Corrections Act of 2008 - Makes technical corrections to the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to conform to the Pension Protection Act of 2006 regarding various specified items, including: (1) the target normal cost of benefits; (2) specified implementation and effective dates for certain requirements; (3) one-participant retirement plans; (4) special age-related rules in accrued benefit requirements for applicable defined benefit plans; (5) inapplicability in certain cases of the limitation<b>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on income deductions (for tax purposes) for employer contributions to one or more defined contribution plans; and (6) adjustments to averaging in the determination of the value of the assets of single-employer defined benefit pension plans for minimum funding purposes.measure.)</b>

MakesPension Protection Technical Corrections Act of 2008<b> - </b> <b>Title I: Technical Corrections Related to the Pension Protection Act of 2006 - </b>(Sec. 101) Makes technical corrections to the RailroadEmployee Retirement Income Security Act of 1974 with respect(ERISA) and the Internal Revenue Code to railroadconform to the Pension Protection Act of 2006 regarding various specified items, including: (1) the target normal cost of benefits; (2) specified implementation and effective dates for certain requirements; (3) one-participant retirement paymentsplans; (4) special age-related rules in accrued benefit requirements for applicable defined benefit plans; (5) inapplicability in certain cases of the limitation on income deductions (for tax purposes) for employer contributions to persons not entitledone or more defined contribution plans; and (6) adjustments to an annuity.averaging in the determination of the value of the assets of single-employer defined benefit pension plans for minimum funding purposes.

Makes(Sec. 110) Makes technical corrections to the Age Discrimination in EmploymentRailroad Retirement Act of 19671974 with respect to special age-related rules for determination of the market rate of return in the calculation of interest credits in governmental defined benefit plans.railroad retirement payments to persons not entitled to an annuity.

Makes technical corrections to<b>Title II: Other Provisions - </b>(Sec. 201) Requires that the Internal Revenue Code to modify: (1) the interest rate assumption required with respect to certain small employer plans; and (2)value of assets for any ERISA plan under the penaltiesaveraging method be adjusted for failureexpected earnings (in addition to file partnership returnscontributions and S corporation returns.distributions, as under current law).

Prescribes a special rule for exclusion from gross income of(Sec. 202) Modifies the interest rate assumption required with respect to certain reimbursements from governmental plans for medical care.small employer plans.

Requires(Sec. 203) Makes technical corrections to the Age Discrimination in Employment Act of 1967 with respect to special age-related rules for determination of the market rate of return in the calculation of interest credits in governmental defined benefit plans.

(Sec. 204) Prescribes a special rule for exclusion from gross income of certain reimbursements from governmental plans for health care expenses of a deceased plan participant's beneficiary.

(Sec. 205) Requires treatment as a qualified rollover contribution of any airline payment amount received by a qualified airline employee in an airline carrier bankruptcy which is transferred to a Roth IRA.

(Sec. 206) Increases by $4 the penalties for failure to file partnership returns and S corporation returns.
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== Status of the Legislation ==

<status>
Latest Major Action: 8/1/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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== Points in Favor ==

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== Points Against ==

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