Question

The _____ requires defined contribution plans holding publicly traded securities to provide employees with the opportunity to divest employer securities.

Answer 1

The correct answer is Pension Protection Act of 2006.

Step-by-step explanation:

The Pension Protection Law is a rule created to protect pension accounts and also to sanction companies that have not financed existing pension accounts.

In 2006, the President signed an amendment to the original PPA in an effort to reform the pension system. As more and more organizations that had to pay the Pension Benefit Guarantee Corporation were finding loopholes that allowed them to cut pension funding, the federal government recognized that something had to be done.