Focused solely on pensions, this law requires employers that have underfunded pension plans to pay a higher premium to the Pension Benefit Guarantee Corporation (PBGC). It also requires employers that terminate pension plans to provide additional funding to those
plans. This legislation impacted nearly all aspects of retirement planning, including changes to rules about individual retirement accounts (IRAs). For more information, see www.dol.gov/ebsa/pensionreform.html.
