Pension Protection Act of 2006

Definition:

The Act requires companies with underfunded pension plans to pay higher premiums to the Pension Benefit Guaranty Corporation (PBGC). The Act also extended the requirement of providing funding to the pension systems of companies that terminate their pension plans and raised the maximum amount employers are allowed to invest in their own plans.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Terms of Delivery

The part of a sales contract that indicates the point at which title and risk of loss of merchandise pass from the seller to the buyer. See: Incoterms.

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