Wednesday, August 23, 2006

Pension Protection Act of 2006 - Summary Resource

The Center On Federal Financial Institutions (COFFI) has drafted an exceptionally understandable Summary of the Provisons of the Pension Protection Act 2006 which impact the finances of the PBGC ( single employer defined benefit plans). They conclude it is unlikely that the Act will restore the PBGC to solvency.

They also publish a Primer on Pensions and the PBGC which is likewise exceptional in its usability. This document should be added to the DB plan fiduciary's required reading list.

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