Top Legislation - View All
Latest Action: 02/05/2008 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Bill TextTo amend title I of the Employee Retirement Income Security Act of 1974, the Internal Revenue Code of 1986, and title XXII of the Public Health Service Act to extend COBRA benefits for certain TAA-eligible individuals and PBGC recipients. 11/15/2007--Introduced. Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code, and the Public Health Service Act to extend the continuation of group health care benefits as provided by the Consolidated Omnibus Budget Reconciliation Act (COBRA) to certain recipients of benefits paid by the Pension Benefit Guaranty Corporation (PBGC) and to individuals eligible for trade adjustment assistance (TAA) benefits.
Also tagged in: Actions and defenses, Administrative remedies, Annuities, Bankruptcy, Bankruptcy courts, Collection of accounts, Collective bargaining, Executive departments, Finance, Fines (Penalties), Government corporations, Government information, Government paperwork, Information disclosure (Securities law), Injunctions, Investments, Labor, Labor contracts, Law, Parties to actions, Pension Benefit Guaranty Corporation, Pension funds, Pensions, Reinsurance, Trusts and trustees
Latest Action: 04/28/2008 - Referred to the Subcommittee on Commercial and Administrative Law. Bill TextTo amend the Employee Retirement Income Security Act of 1974 and title 11, United State Code, to provide necessary reforms for employee pension benefit plans. 4/9/2008--Introduced. Employees’ Pension Security Act of 2008 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to require assets of single-employer pension plans to be held in trust by joint boards of trustees. Requires plan sponsors and administrators to provide all material investment information in an accurate form to participants and beneficiaries. Authorizes the Secretary to assess civil penalties for violations of certain information requirements. Sets forth additional requirements for plan termination, to prevent abuse of the bankruptcy and termination process, including requirements relating to: (1) distress termination; (2) bankruptcy court decrees, and the right to intervene to challenge them; (3) consideration of alternatives by the Pension Benefit Guaranty Corporation [...] show full description
Also tagged in: Actions and defenses, Age discrimination, Aged, Aircraft pilots, Airline employees, Annuities, Associations, institutions, etc., Bankruptcy, Budgets, Civil rights, Collection of accounts, Cooperative societies, Defined benefit pension plans, Early retirement, Employee health benefits, Employee ownership, Federally-guaranteed loans, Finance, Health policy, Labor, Law, Medical care, Pension funds, Pensions, Retiree health benefits, Securities regulation, Surety and fidelity, Transportation, Trusts and trustees, Valuation
Latest Action: 05/23/2008 - Sponsor introductory remarks on measure. (CR E1097-1098) Bill TextTo make technical corrections to the Pension Protection Act of 2006 relating to the Employee Retirement Income Security Act of 1974, and for other purposes. 5/22/2008--Introduced. Pension Protection Act ERISA Amendments of 2008 - Makes technical corrections to the Pension Protection Act of 2006 and the Employee Retirement Income Security Act (ERISA) of 1974. Repeals certain requirements governing the termination date of a defined benefit pension plan of an employee in cases of an employer filing for bankruptcy. Requires the Pension Benefit Guaranty Corporation (PBGC), with regard to single-employer plan guaranteed benefits in the case of commercial airline pilots required by Federal Aviation Administration (FAA) regulation to retire before age 65, to compute the actuarial value of monthly benefits in the form of a life annuity commencing at the required retirement age. Revises requirements to: (1) limit the amount a fiduciary may recover in actions [...] show full description
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Latest Legislation - View All
Also tagged in: Actions and defenses, Age discrimination, Aged, Aircraft pilots, Airline employees, Annuities, Associations, institutions, etc., Bankruptcy, Budgets, Civil rights, Collection of accounts, Cooperative societies, Defined benefit pension plans, Early retirement, Employee health benefits, Employee ownership, Federally-guaranteed loans, Finance, Health policy, Labor, Law, Medical care, Pension funds, Pensions, Retiree health benefits, Securities regulation, Surety and fidelity, Transportation, Trusts and trustees, Valuation
Latest Action: 05/23/2008 - Sponsor introductory remarks on measure. (CR E1097-1098) Bill TextTo make technical corrections to the Pension Protection Act of 2006 relating to the Employee Retirement Income Security Act of 1974, and for other purposes. 5/22/2008--Introduced. Pension Protection Act ERISA Amendments of 2008 - Makes technical corrections to the Pension Protection Act of 2006 and the Employee Retirement Income Security Act (ERISA) of 1974. Repeals certain requirements governing the termination date of a defined benefit pension plan of an employee in cases of an employer filing for bankruptcy. Requires the Pension Benefit Guaranty Corporation (PBGC), with regard to single-employer plan guaranteed benefits in the case of commercial airline pilots required by Federal Aviation Administration (FAA) regulation to retire before age 65, to compute the actuarial value of monthly benefits in the form of a life annuity commencing at the required retirement age. Revises requirements to: (1) limit the amount a fiduciary may recover in actions [...] show full description
Also tagged in: Actions and defenses, Administrative remedies, Annuities, Bankruptcy, Bankruptcy courts, Collection of accounts, Collective bargaining, Executive departments, Finance, Fines (Penalties), Government corporations, Government information, Government paperwork, Information disclosure (Securities law), Injunctions, Investments, Labor, Labor contracts, Law, Parties to actions, Pension Benefit Guaranty Corporation, Pension funds, Pensions, Reinsurance, Trusts and trustees
Latest Action: 04/28/2008 - Referred to the Subcommittee on Commercial and Administrative Law. Bill TextTo amend the Employee Retirement Income Security Act of 1974 and title 11, United State Code, to provide necessary reforms for employee pension benefit plans. 4/9/2008--Introduced. Employees’ Pension Security Act of 2008 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to require assets of single-employer pension plans to be held in trust by joint boards of trustees. Requires plan sponsors and administrators to provide all material investment information in an accurate form to participants and beneficiaries. Authorizes the Secretary to assess civil penalties for violations of certain information requirements. Sets forth additional requirements for plan termination, to prevent abuse of the bankruptcy and termination process, including requirements relating to: (1) distress termination; (2) bankruptcy court decrees, and the right to intervene to challenge them; (3) consideration of alternatives by the Pension Benefit Guaranty Corporation [...] show full description
Latest Action: 02/05/2008 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Bill TextTo amend title I of the Employee Retirement Income Security Act of 1974, the Internal Revenue Code of 1986, and title XXII of the Public Health Service Act to extend COBRA benefits for certain TAA-eligible individuals and PBGC recipients. 11/15/2007--Introduced. Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code, and the Public Health Service Act to extend the continuation of group health care benefits as provided by the Consolidated Omnibus Budget Reconciliation Act (COBRA) to certain recipients of benefits paid by the Pension Benefit Guaranty Corporation (PBGC) and to individuals eligible for trade adjustment assistance (TAA) benefits.
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