S 2511 · 113th Congress · Labor and Employment
A bill to amend the Employee Retirement Income Security Act of 1974 to clarify the definition of substantial cessation of operations.
Bill Progress
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Introduced✓
Committee✓
Senate Vote4
House5
EnactedLatest: Held at the desk.(2014-09-17)
Plain Language Summary
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Amends the Employee Retirement Income Security Act of 1974 (ERISA) with respect to the treatment as a substantial employer subject to specified liability of any employer that ceases operations at a facility in any location with the result that more than 20% percent of the total number of the employees participating under the employer's single-employer pension plan are separated from employment. Details the meaning of a substantial cessation of operations.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeS. 2511, a bill to amend the Employee Retirement Income Security Act of 1974 to clarify the definition of substantial cessation of operations
Sep 10, 2014As ordered reported by the Senate Committee on Health, Education, Labor, and Pensions on July 23, 2014
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office