HR 2794 · 101th Congress · Labor and Employment

Miscellaneous ERISA Amendments Act of 1989

Introduced 1989-06-29· Sponsored by Rep. Clay, William (Bill) [D-MO-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.3299.(1989-11-22)

Plain Language Summary

[AI summary unavailable — showing source text] Miscellaneous ERISA Amendments Act of 1989 - Title I: Amendments Relating to the Tax Reform Act of 1986 - Makes technical amendments to pension-related provisions of the Tax Reform Act of 1986, the Internal Revenue Code (IRC) and the Employee Retirement Income Security Act of 1974 (ERISA). Includes amendments relating to: (1) minimum vesting requirements; (2) plan amendment deadlines (correspondingly amends the Retirement Equity Act of 1984); and (3) continuation coverage requirements of group health plans, including provisions authorizing the Secretary of Labor to assess a civil penalty of $100 per beneficiary per day of noncompliance for failure to satisfy these requirements. Directs the Comptroller General, as soon as practicable, to conduct a thorough study of the extent to which employers have lengthened the eligibility period for group health insurance coverage as a result of enactment of continuation coverage requirements contained in the Consolidated Omnibus Budget Reconciliation Act of 1985. Requires results to be submitted to specified congressional committees by August 31, 1990. Title II: Amendments Relating to the Omnibus Budget Reconciliation Act of 1986 - Makes techni…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican