Pension Protection Act of 2006
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.
Nearby TermsPension parachute Pension plan Pension Protection Act of 2006 Pension reversion Pension sponsors
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University