Summary of Pension Protection Act Changes Impacting Governmental 457(b) and 401 Plans

December 13, 2006

Under the direction of ICMA-RC president and CEO Joan McCallen, ICMA-RC actively supported passage of the Pension Protection Act including making the retirement provisions of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) permanent. ICMA-RC prepared a summary of the key PPA provisions impacting 457(b) and 401 governmental plans, which is available via the following link:

• Pension Protection Act of 2006: Summary of Plan Provisions Impacting 457(b) and 401 Plans (138K PDF)

Additional IRS guidance is expected on various issues, and we will provide details as they become available. PPA background and resources are available in ICMA-RC’s Legislative Report Web site.