Pension
Protection Act Update – Statutory and Regulatory Update
John F. LeBlond
Partner
REED SMITH, LLP
Pittsburgh, Pennsylvania
The Pension ProtectionAct Of 2006 (PPA) may be the most significant
piece of pension legislation since ERISA, and as soon as it was passed,
plan sponsors clamored for relief from the PPA’s tightened funding
requirements. Attendees will learn the most significant ongoing issues
created by the PPA as well as the legislative relief afforded by the
Worker, Retiree and Employer Recovery Act Of 2008 (WRERA). While the
WRERA provided some temporary relief, it was not enough for most
employers. However, what few people failed to recognize until this
year, are the truly draconian consequences of failing to meet the PPA
minimum funding levels for defined benefit pension plans. In addition,
you can have an inside look at the proposal for the “purchase” of
third-party pension plans by financial service organizations, and the
government’s reaction.
