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CCH® PENSION AND BENEFITS — 10/18/07

Rangel seeks public comments on PPA technical corrections bill

Rep. Charles B. Rangel (D-NY), Chairman of the House Ways and Means Committee, has announced that the Committee is requesting comments from the public on H.R. 3361, legislation that would make technical corrections to the Pension Protection Act of 2006 (PPA; P.L. 109-280). Comments are sought by the close of business, November 1, 2007.

“Pressing urgency” on certain provisions

The PPA technical corrections bill, introduced in both the House and the Senate on August 3, 2007 (see CCH Pension Plan Guide ¶29,149), would enact modifications, both substantive and technical, to certain provisions contained in the PPA. According to an advisory issued by the House Ways and Means Committee on October 2, 2007, some of the technical corrections, such as the corrections to combined plan limits and nonspousal rollovers, have a “pressing urgency.” Therefore, the Committee advises, “it is important to perfect this legislation for possible passage before the end of this year.”

For more information on this and related topics, consult the CCH Pension Plan Guide.

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