Regulacje i polityka gospodarcza · 31/10/2011

New Rule to Implement Pension Protection Act of 2006 for Cash Balance Plans

The proposed rule aims to update the rules for determining benefits in statutory hybrid plans, such as cash balance plans, in accordance with the Pension Protection Act of 2006, which took effect in 2006. The rule will also align the rules for asset allocation and benefit payments under the Employee Retirement Income Security Act of 1974 (ERISA) with the changes introduced by the PPA 2006.