President George W. Bush signed into law The Pension Protection Act (PPA) on August. 17, 2006. The PPA has some real implications addressing plan sponsors, financial professionals, and investment participants. The intent of this bill is to strengthen workers’ retirement investments by: Changing defined benefit plan funding rules, Establishing a legitimate cash balance plans, Promoting the automatic enrollment in 401(k) plans, Establishing the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) as a permanent improvement, and Allowing the creation of a combination defined benefit and 401(k) plan, known as the DB (k). The bill extends the law and allows the … Continue reading →