President Bush on August 17 signed into law the most sweeping overhaul of the pension system in more than three decades. Bush, at a signing ceremony surrounded by several members of his Cabinet and key legislators, called the Pension Protection Act of 2006 (H.R. 4) "a good bill that will improve our pension system, while expanding opportunities for Americans to build their own nest eggs."
The bill contains a variety of provisions designed to strengthen the funding rules for defined benefit pension plans. By tightening the funding rules, the bill seeks to ensure that employers make greater contributions to their pension funds, ensuring their solvency, and avoiding a potential multi-billion dollar taxpayer bailout of the PBGC. Accordingly, the bill establishes increased liabilities for plans that are defined as at risk. Plan liabilities would be determined using a three-segment yield curve developed from a 24-month average of the yield on the top three grades of corporate bonds. The new rules generally apply to plan years beginning after 2007.
CCH provides you complete coverage of this bill with these indispensable references.
Audio
Conference 
CCH's
audio conference Pension
Protection Act of 2006 - What You Need to Know is now available
on CD. This is your chance to get comprehensive information on the brand
new pension reform bill, the Pension Protection Act of 2006 ("PPA"). Learn
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Pension
Briefing View the CCH PENSION BRIEFING (pdf) for a summary of the Pension Protection Act of 2006
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CCH's LAW, EXPLANATION AND ANALYSIS of the Pension Protection Act of 2006 provides the most comprehensive and practical guidance available to pension, tax and legal professionals to make sense and apply the needed changes enacted in this bill. CCH editorial staff, along with leading practitioners, provide clear and practical guidance on the many new rules in this timely reference, offering full coverage of all provisions, so pension plan administrators, benefits consultants and, tax and legal professionals can quickly understand, comply with, and plan under the new law.
The legislation contains the most significant pension changes in decades. Topics covered include:
Purchase the Pension Protection Act of 2006 - Law, Explanation and Analysis and begin making sense of the most significant pension legislative changes in decades.
The Pension Protection Act of 2006 Text of H.R. 4 and JCT Explanation reproduces the full text of the revenue provisions amending the Internal Revenue Code and the Conference Committee Report explaining the current law, the changes made, and when each of these changes will go into effect.
The Congressional intent expressed in Committee Reports is regarded by Courts as very high authority in determining how to apply new law. For this reason, purchase the Pension Protection Act of 2006 - Text of H.R. 4 and JCT Explanation .
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