Pension Security Act of 1995

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Amendments to Pension Plan Funding Requirements Title II: Amendments to Title IV of ERISA Title III: Employer Liability, Lien and Priority Pension Security Act of 1995 - Title I: Amendment to Pension Plan Fund - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to revise the additional funding requirements for pension plans that are not multiemployer plans to provide for an underfunding reduction requirement and a solvency maintenance requirement. Title II: Amendments to Title IV of ERISA - Amends title IV (Plan Termination Insurance) of ERISA to set forth limitations on the benefits guaranteed by the Pension Benefit Guaranty Corporation (PBGC). (Sec. 202) Revises provisions relating to: (1) enforcement of minimum funding requirements; (2) recovery ratio payable under PBGC guaranty; and (3) distress termination criteria for banking institutions. Eliminates a specified seventh revolving fund and transfers its assets and liabilities to the first revolving fund (i.e., the single-employer basic benefits guaranty fund). Title III: Employer Liability, Lien and Priority - Amends title IV of ERISA to revise limitations on employer liability lien…