H.R.6382 - Pension Protection Technical Corrections Act of 2008

To make technical corrections related to the Pension Protection Act of 2006, and for other purposes. view all titles (3)

All Bill Titles

  • Official: To make technical corrections related to the Pension Protection Act of 2006, and for other purposes. as introduced.
  • Short: Pension Protection Technical Corrections Act of 2008 as introduced.
  • Short: Pension Protection Technical Corrections Act of 2008 as passed house.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 3
  • All-Time: 22,184
 
Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
06/26/08
 
07/09/08
 
 
 
 
 

Official Summary

Pension Protection Technical Corrections Act of 2008 - Title I: Technical Corrections Related to the Pension Protection Act of 2006 - (Sec. 101) Makes technical corrections to the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to conform to the Pension

Official Summary

Pension Protection Technical Corrections Act of 2008 - Title I: Technical Corrections Related to the Pension Protection Act of 2006 -

(Sec. 101)

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.

(Sec. 110)

Makes technical corrections to the Railroad Retirement Act of 1974 with respect to railroad retirement payments to persons not entitled to an annuity. Title II: Other Provisions -

(Sec. 201)

Requires that the value of assets for any ERISA plan under the averaging method be adjusted for expected earnings (in addition to contributions and distributions, as under current law).

(Sec. 202)

Modifies the interest rate assumption required with respect to certain small employer plans.

(Sec. 203)

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.

(Sec. 204)

Prescribes a special rule for exclusion from gross income of certain reimbursements from governmental plans for health care expenses of a deceased plan participant's beneficiary.

(Sec. 205)

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.

(Sec. 206)

Increases by $4 the penalties for failure to file partnership returns and S corporation returns.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC