Pension Plan Reform Act

[AI summary unavailable — showing source text] Pension Plan Reform Act - Title I: General Provisions - Declares it to be the policy of this Act to protect interstate commerce, the Federal taxing power, and the interests of participants in private pension plans and their beneficiaries by improving the equitable character and the soundness of such plans by requiring them to vest the accrued benefits of employees with significant periods of service, to meet minimum standards of funding, and to protect the vested rights of participants against losses due to involuntary plan termination through the establishment of vested liability insurance. Title II: Vesting - Provides that this title shall apply to any employee pension benefit plan: (1) if it is established or maintained by employees engaged in commerce or in any industry or activity affecting commerce or by such employer together with any employee organization representing employees engaged in commerce or in any industry or activity affecting commerce; (2) if such plan is established or maintained by any employer or by any employer together with any employee organization and if, in the course of its activities, such plan, directly or indirectly, uses any means or instruments of …