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Technical Corrections Bill Not Acted Upon by Congress; New Funding Rules Are Effective 1/1/2008 Without Guidance from the IRS
The Pension Protection Act Blog
Dec. 21, 2007
Excerpt: Last night, Congress adjoined without acting on H.R. 3361, the House of Representative's version of the Pension Protection Technical Corrections Act of 2007. The Senate passed S. 1974, the Senate version of the Pension Protection Technical Corrections Act of 2007. The House could still pass their version of the bill after the holiday recess but it will not be in time to delay PPA's new funding rules for defined benefit plans.
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