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WRERA-The Worker, Retiree, and Employer Recovery Act of 2008/H.R. 7327

Last Updated June 4, 2009

Definition

A bill that made technical corrections to the Pension Protection Act of 2006 (PPA 06) and provides for additional amendments to PPA-06, the Internal Revenue Code, ERISA , and the Age Discrimination in Employment Act of 1967 (“ADEA”).
 WRERA provisions include the following:
Referring Cite
 
Additional Helpful Information
Provisions were also included for defined benefit plans. These included:
  • Reform of the funding rules for Single-Employer Defined Benefit Pension Plans
  • Pension Benefit Guaranty Corporation (PBGC) Guarantee and Related Provisions
  • Increase in Pension Plan Diversification and Participation and Other Pension Provisions
  • Modification of interest rate assumption required with respect to certain small employer plans
  • Extension of the transitional rule for single-employer defined benefit pension plans, to plan year beginning after 2008 even if, for each preceding plan year after 2007, the plan’s shortfall amortization base was not zero.