The Pension Protection Act Improves the Playing Field for Retirement Savings

"A new era of retirement savings began when President George W. Bush signed the Pension Protection Act of 2006 (PPA) on Aug. 17, 2006." Rob Smith, Ceridian manager of government relations, gives his perspective.

"'Companies that terminate their pension plans must provide extra funding to the PBGC. The amount varies with the number of employees and retirees in the employer's pension system,' says Rob Smith, manager of government relations at Ceridian, a human resource, transportation and retail information services company."

To read the full-text of Eric Corcoran's NAREIT Real Estate Portfolio Special Issue article, click here The Pension Protection Act Improves the Playing Field for Retirement Savings