Wilshire Pension Funding Relief Update: American Rescue Plan Act of 2021

On March 11, 2021, President Joe Biden signed the American Rescue Plan Act of 2021 (ARPA-2021) which provides another round of funding relief since the passage of the Pension Protection Act of 2006 (PPA) to single employer corporate defined benefit pension plans. This short note will review the current and three previous rounds of funding relief.