PPA relief?

[Effen]

And so it begins...

MultiIndustry_Funding_Letter11_12_.pdf

[Andy the Actuary]

Unfortunately, the solution is for PPA to go the way of TRA86's Sec. 89, especially if DB plans are to remain viable. Any temporary forgiveness or relaxation that Congress may grant will simply push the problem into future years.

[tymesup]

Impressive list of signers.

Not sure why they needed to throw 415 interest rate in there, diluting the message.

I hope the 9/30 and 10/31 plans aren't overlooked.

[Mike Preston]

In addition to its primary message regarding temporary funding relief, I'm fairly certain that technical corrections is also mentioned. The most important elements of technical corrections were therefore included. It is my understanding, although I could be stating the case in too simplistic a manner, that the items included were limited to those which were considered to be serious drains on the ability to establish and maintain plans. Whether you think the 415 issue is one of those or not depends, I suppose, on how important that issue is to your clients. Certainly the issue regarding end of year valuations has caused a drain on productivity for far too long.