Tag: Pension Protection Act of 2006
Abstract This paper estimates the short-run impact of the Pension Protection Act of 2006 (PPA2006) on holdings of employer stock in defined contribution pension plans. PPA2006 allowed participants in plans with employer stock to diversify their holdings. However, stand-alone ESOPs, i.e., those that do not allow employee elective deferrals or after-tax contributions, were exempt from…
Given the large gap between retirement needs and resources, we should ensure that the retirement programs we have work as well as possible. In the private sector, the main retirement program is 401(k) plans. These plans are not working as well as they could – a problem that could be remedied with more extensive us…