The Pension Reform Act was passed in response to company bankruptcies that discharged their pension plan obligations.

Name: The Pension Reform Act was passed in response to company bankruptcies that discharged their pension plan obligations.
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The Pension Reform Act was passed in 2006 in response to concerns about the funding of defined benefit pension plans, including those facing potential insolvency. The act aimed to strengthen the funding rules and protections for participants.

The Pension Reform Act Was Passed in Response to Company