On August 17, 2006, President Bush signed the Pension Protection Act of 2006, the most significant pension legislation of the last 30 years. The new law created a friendlier environment for tax-qualified retirement plans, and its provisions are designed to generate greater contributions by employers to their pension funds. Small and closely held organizations will derive particular benefits from the new law.

If you need more information or if you are a small business owner with employees who would like to learn more about how tax-qualified retirement plans can benefit you, please call Julius Smetona at DeSales Associates: (216) 595-3940.