The first part of the Pension Protection Act of 2006 (PPA) modified ERISA. Which of the below was NOT a major modification?
A) It required underfunded plans to pay additional premiums to the Pension Benefit Guaranty Corporation (PBGC) .
B) It tightened the requirement for companies terminating their pension plans to provide extra funding to the pension system.
C) It closed loopholes that allowed underfunded plans to skip pension payments.
D) It required that companies measure their pension plan obligations more accurately.
Correct Answer:
Verified
Q21: A major change of the Pension Fund
Q22: Pension plan sponsors may be private business
Q23: Describe the essence of a qualified fund.
Q24: Defined-contribution pension plans come in several legal
Q25: ERISA created the Pension Benefit Guaranty Corporation
Q27: With respect to the Pension Funding Equity
Q28: The _ enables employees to obtain more
Q29: The defined-contribution pension plan is a new
Q30: The largest share of both defined-benefit and
Q31: The Pension Protection Act of 2006 (PPA)
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