PPA PBGC full funding exemption

[dmb]

I've seen a few summaries that say the repeal of the PBGC variable rate premium full funding exemption is effective for plan years beginning in 2008. It was my understanding this provision is effective for plan years beginning in 2007. Coudl someone confirm the effective date of the full funding exemption repeal. Thanks.

[AndyH]

http://benefitslink.com/boards/index.php?showtopic=33117

[Guest DFerrare]

Section 401 of PPA removes the full funding exemption. The effective date is for plan years beginning after 2007.

[SteveH]

Andy, you can't answer questions like that. You don't have a big quesiton mark avatar under your name!

[Guest DBtech]

You can look at 2005 to determine FFL exemption for 2006 VRP, similiarly for 2007. But starting with 2008 premium payments, you cannot look back to 2007 for the exemption.