HR 3047 · 106th Congress · Labor and Employment
Pension Reduction Disclosure Act of 1999
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(1999-10-07)
Plain Language Summary
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Pension Reduction Disclosure Act of 1999 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to set forth notice requirements for pension plans which significantly reduce future benefit accruals. Requires additional information to be provided in such notice by large pension plans with 100 or more active participants. Imposes an excise tax upon failure of pension plans to provide such notice.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (15)
12 Democrats3 Republicans