Did The Pension Protection Act (PPA) Of 2006 Resolve The Pension Crisis In Corporate America?

Abstract

On August 17, 2006, President George W. Bush signed into law the Pension Protection Act (PL 109-280). The 907-page federal law has been referred to as the most comprehensive reform of the nations pension law since the enactment of the Employee Retirement Income Security Act (ERISA) of 1974 (Lucas, 2008). This paper will examine the major provisions of the Pension Protection Act (PPA). Additionally, the paper will analyze the impact of PPA on the retirement programs in corporate America and whether it resolved the pension crisis that existed prior to its passage as a federal law.