Pension Protection Act of 2006

{
  "id": "MLC-T-INS-002535",
  "term": "Pension Protection Act of 2006",
  "field": "Insurance and risk management",
  "definition": "A federal law enacted to strengthen the funding of defined benefit pension plans and provide greater transparency regarding their financial health. It introduced new funding requirements for employers, increased disclosure obligations, and expanded the role of the Pension Benefit Guaranty Corporation (PBGC). The act also made permanent certain tax provisions related to retirement savings.",
  "subject": "Employment Practices Liability",
  "url": "https://mlchart.com/terminology/insurance/pension-protection-act-of-2006/"
}