UPDATE: President Signs PPA Technical Corrections Bill
December 23, 2008

On December 23, President George W. Bush signed the Worker, Retiree, and Employer Recovery Act of 2008, which was passed earlier this month by the House and Senate. On December 10, the House passed by unanimous consent the bill, which was then referred to the Senate, where it passed by unanimous consent on December 11.

Included in H.R. 7327 are amendments and technical corrections to the Pension Protection Act of 2006, such as the governmental DB plan interest crediting rate fix, a clarification to extend the public safety retiree health exclusion to self-insured plans, and a modification to the tax treatment of certain state medical reimbursements to beneficiaries.

To view a memo on the parts of the bill that affect public pension plans, please click here.