S 1550 · 108th Congress · Labor and Employment

Pension Stability Act

Introduced 2003-07-31· Sponsored by Sen. Gregg, Judd [R-NH]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2003-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] Pension Stability Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to replace the 30-year Treasury rate with a rate based on conservatively invested long-term corporate bonds for certain pension plan funding requirements. Sets forth rules for phasing in such new interest rate. Establishes the Commission on Defined Benefit Pension Plans.…

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

Cosponsors (1)

1 Republican
Sen. Enzi, Michael B. [R-WY]WY