Pension Protection Technical Corrections Act of 2008

To make technical corrections related to the Pension Protection Act of 2006, and for other purposes.

6/26/2008--Introduced.
Pension Protection Technical Corrections Act of 2008 - Makes technical corrections to the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to conform to the Pension Protection Act of 2006 regarding various specified items, including:
(1) the target normal cost of benefits;
(2) specified implementation and effective dates for certain requirements;
(3) one-participant retirement plans;
(4) special age-related rules in accrued benefit requirements for applicable defined benefit plans;
(5) inapplicability in certain cases of the limitation on income deductions (for tax purposes) for employer contributions to one or more defined contribution plans; and
(6) adjustments to averaging in the determination of the value of the assets of single-employer defined benefit pension plans for minimum funding purposes. Makes technical corrections to the Railroad Retirement Act of 1974 with respect to railroad retirement payments to persons not entitled to an annuity. Makes technical corrections to the Age Discrimination in Employment Act of 1967 with respect to special age-related rules for determination of the market rate of return in the calculation of interest credits in governmental defined benefit plans. Makes technical corrections to the Internal Revenue Code to modify:
(1) the interest rate assumption required with respect to certain small employer plans; and
(2) the penalties for failure to file partnership returns and S corporation returns. Prescribes a special rule for exclusion from gross income of certain reimbursements from governmental plans for medical care. Requires treatment as a qualified rollover contribution of any airline payment amount received by a qualified airline employee in an airline carrier bankruptcy which is transferred to a Roth IRA.


... morehide bill summarySee Full Bill Text

Sponsor

• Rep. Charles Rangel [D, NY-15]
• and 1 Co-Sponsors
  • Rep. George Miller [D, CA-7]
  close

Committees

• House Ways and Means
• 1 more
  • House Education and Labor
  close

Amendments

This bill has no amendments.

Amendments to H.R.6382

Number	Status	Purpose

Bill Status

Make a Bill Status Widget (Close help)

OpenCongress widgets allow you to display information about bills and issue areas on your own website or blog. First, select which bill or issue you want to track, then customize the appearance of the panel, and finally paste a simple chunk of HTML into your site. Now your community will have an easy, up-to-date way to track the status of important bills and issues in Congress.

Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
June 26, 2008		July 09, 2008

Show All Actions (8 actions)Hide Actions

All Bill Actions

• Passed by voice vote in the House on Jul 09, 2008. On motion to suspend the rules and pass the bill Agreed to by voice vote.
• Jul 09, 2008: DEBATE - The House proceeded with forty minutes of debate on H.R. 6382.
• Jul 09, 2008: Considered under suspension of the rules.
• Jul 09, 2008: Mr. Pomeroy moved to suspend the rules and pass the bill.
• Jun 26, 2008: Referred to House Education and Labor
• Jun 26, 2008: Referred to House Ways and Means
• Jun 26, 2008: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
• Introduced on Jun 26, 2008.

---

Related Issue Areas:

• Trusts and trustees
• Transportation
• Taxation
• Tax returns
• 31 more
• Tax penalties
• Tax exclusion
• Tax evasion
• Tax deductions
• Standards
• Small business
• Pension funds
• Partnerships
• Medical care
• Law
• Labor
• Interest rates
• Individual retirement accounts
• Income tax
• Health policy
• Government paperwork
• Government information
• Government employees' health insurance
• Government employees
• Finance
• Executive departments
• Department of the Treasury
• Defined contribution plans
• Defined benefit pension plans
• Civil service retirement
• Business
• Bankruptcy
• Airlines
• Airline employees
• Administrative procedure
• Pensions

Data from the Congressional Research Service

Show More User Statistics... Hide User Statistics

In the News

We are not currently finding any news articles on this topic using our daily automated search of Google News. However, if you know of a relevant news article to display here, OpenCongress site editors have the ability to add it manually. Simply e-mail us the web address of this page and the web address of your suggested news article: We'll post relevant links as quickly as possible. Also, if this topic is important to you, you could write a letter to the editor -- if a news article refers this specific topic by name, a link to that news article is likely to appear here soon.

Blog Coverage

July 10, 2008 House Passes Modified PPA Technical Corrections Bill

July 10, 2008 – The House of Representatives yesterday passed HR 6382, the Pension Protection Technical Corrections Act of 2008, by a voice vote under a suspension-of-rules pr...

Was this article useful? Yes or No

Source: BISYS Retirement Services - Latest News

Did you find this article useful? Your opinion counts - together, we're finding the very best news and blog coverage about Congress available on the web.

July 10, 2008 Another Corrections Act to the Pension Protection Act Passes the House

This act, HR 6382, now heads to the Senate, where the last Pension Protection Technical Corrections Act of 2008, HR 3361, has been languishing since March 31, 2008. The Senate, which has already passed its version of the Pension ...

Was this article useful? Yes or No

Source: Pension Protection Act Blog

Did you find this article useful? Your opinion counts - together, we're finding the very best news and blog coverage about Congress available on the web.

July 10, 2008 Update on Total Rewards Legislation

HR 6382, the Pension Protection Technical Corrections Act of 2008, was approved by the House of Representatives yesterday.

Was this article useful? Yes or No

Source: Public Policy Perceptions by Cara Welch

Did you find this article useful? Your opinion counts - together, we're finding the very best news and blog coverage about Congress available on the web.

5 more posts...
See most useful blog posts

Information made available by: