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ERIC Files Comments on PPA Diversification Requirements
The ERISA Industry Committee [ERIC] Feb. 13, 2007 Excerpt: In written comments filed with Treasury and the IRS, ERIC encouraged officials to change proposed regulations implementing the Pension Protection Act's (PPA) employer stock diversification requirements. ERIC's comments focused on a provision that forbids a defined contribution plan from subjecting investments in the plan's employer securities investment option to restrictions or conditions that the plan does not impose on other investment options. |
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