Pension Protection Act Provisions (And Other Changes) That Become Effective In 2008

As the end of 2007 approaches, we would like to take this opportunity to remind sponsors of tax-qualified pension plans of various matters that may affect such plans in the 2008 plan year. Some of these matters have been addressed in prior Client Alerts (see attached links). Most of the changes described below are a result of the Pension Protection Act of 2006 (the "PPA"). While many of the changes imposed by the PPA are effective as of the plan year beginning on or after January 1, 2008, conforming plan amendments are generally not required to be adopted prior to the plan year beginning on or after January 1, 2009. Accordingly, where applicable, plans should be operated in compliance with the requirements described below as of the first day of the plan year beginning on or after January 1, 2008.