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The Pension Protection Act of 2006 ((Pub. L. 109–280 )), 120 Stat. 780, was signed into law by U.S. President George W. Bush on August 17, 2006. ==Pension reform== This legislation requires companies who have underfunded their pension plans to pay higher premiums to the Pension Benefit Guaranty Corporation (PBGC) and extends the requirement of providing extra funding to the pension systems of companies that terminate their pension plans. It also requires companies to analyze their pension plans' obligations more accurately, closes loopholes that previously allowed some companies to underfund their plans by skipping payments, and raises the cap on the amount employers are allowed to invest in their own plans. This will allow employers to deduct more money using the pension tax shield in times of high profits. It requires actuaries to use the equivalent of the projected accrued benefit cost method for determining annual normal cost. Other elements: * Provides statutory authority for employers to enroll workers in defined contribution plans automatically; formerly, the authority came from DoL rulemaking * Expands disclosure that workers have about the performance of their pensions * Removes the conflict of interest fiduciary liability from giving self-interested investment advice for retirement accounts * Gives workers greater control over how their accounts are invested * Extends the 2001 tax act's contribution limits for IRAs and 401(k)s. * Allows automatic contributions to be returned to employees without tax penalties, if employee opts out within 90 days * Established safe harbor investments, also known as Qualified Default Investment Alternatives, to protect employers from liability of losses suffered by automatically enrolled employees 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Pension Protection Act of 2006」の詳細全文を読む スポンサード リンク
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