Due in part to the large investment losses in pension plans and other retirement accounts, in December of 2008, Congress unanimously enacted H.R. 7327 , the Worker, Retiree, and Employer Recovery Act of 2008 ("WRERA" or "the Act"). This report provides an overview of some of the key provisions of WRERA, in particular, the provisions relating to the funding of single and multiemployer plans, the temporary waiver for required minimum distributions, as well as certain technical corrections and other provisions that affect the two primary types of pension plans, defined benefit and defined contribution plans, as well as individual retirement accounts and annuities (IRAs). Technical Corrections to the Pension Protection Act of 2006

WRERA made several technical corrections to the Pension Protection Act of 2006 (PPA).
In December of 2008, Congress unanimously enacted the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA) (P.L. 110-458), which makes several technical corrections to the Pension Protection Act of 2006 (P.L. 109-280) and contains provisions designed to help pension plans and plan participants weather the current economic downturn. This report highlights the provisions of WRERA relating to the economic crisis, such as the temporary waiver of required minimum distributions and provisions that temporarily relax certain pension plan funding requirements. This report also discusses certain technical corrections to the Pension Protection Act made by WRERA, and certain other notable provisions of the Act affecting retirement plans and benefits.