Pension Protection Act of 2002

Pension Protection Act of 2002 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to direct the Secretary of Labor to undertake enforcement actions with respect to requirements for pension plan participation, vesting, benefit accrual, and funding, including an appropriate enforcement response in connection with a report on oversight of certain cash balance plan lump sum distributions.

Directs the Secretary, with the Secretary of the Treasury, to develop improved guidance for defined benefit plan administrators, with respect to requirements for such plans which express accrued benefits in the form of an account balance, including further assistance relating to all factors involved in determining lump sum distributions of accrued benefits.