P.L. 109-280, The Pension Protection Act of 2006 (1 comment ↓)
- This item is from the 109th Congress (2005-2006) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
H.R. 4 changes the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC), affecting the operations of private pension plans. It does so mostly by changing the funding requirements for tax-qualified, defined-benefit pension plans and the premiums paid to the Pension Benefit Guaranty Corporation (PBGC). It also extends certain tax incentives for retirement savings, modifies tax provisions related to spending for health care, temporarily suspends certain customs duties, and provides for additional railroad retirement benefits.