Employee Pension Benefit Act

[AI summary unavailable — showing source text] Employee Pension Benefit Act - Title I: Definitions and Administrative Provisions - Establishes in the executive branch of the Government an independent agency to be known as the United States Pension and Employee Benefit Plan Commission. Provides that it shall be the duty of the Commission: (1) to promote the establishment, extension, and improvement of pension, profit-sharing-retirement and other employee benefit plans; (2) to accept for registration all pension and profit-sharing-retirement plans required and qualified to be registered with the Commission; (3) to cancel certificates of registration of pension and profit-sharing-retirement plans registered which cease to be qualified for such registration; (4) to exercise general supervision and direction over the Pension Beneift Insurance Corporation in the administration of the vested liability insurance program established by title III; (5) to direct and administer the pension portability program established by title IV of this Act; (6) to enforce the provisions of title V of this Act; and (7) to perform such other functions as may be necessary to administer the provisions of this Act. Sets forth the administrative powers of t…