Technical Explanation of New Pension Relief Bill Released
The Joint Committee on Taxation has released the Technical Explanation of the Worker, Retiree, and Employer Recovery Act of 2008 (H.R. 7237). This piece of legislation makes technical corrections to the Pension Protection Act of 2006 (PPA), and provides for additional amendments to the PPA, the Internal Revenue Code, the Employee Retirement Income Security Act of 1974 and the Age Discrimination in Employment Act. Congress approved this pension relief measure on December 11. The President is expected to sign this bill before the end of his term.
