ERISA Improvements Act of 1979

[AI summary unavailable — showing source text] ERISA Improvements Act of 1979 - Title I: Amendments to the Employee Retirement Income Security Act of 1974 - Amends the Employee Retirement Income Security Act of 1974 to declare an additional policy of ERISA to foster the establishment and maintenance of employee benefit plans sponsored by employers and/or employee organizations. Revises the definition of the term "party in interest." Redefines "multiemployer plan" to mean a plan which is maintained pursuant to one or more collective bargaining agreements between an employee organization and more than one employer and to which ten or more employers contribute, or to which more than one and fewer than ten employers contribute if the Secretary of Labor finds that treating such a plan as a multiemployer plan is appropriate. Requires a plan administrator to disclose accrued benefits to a plan participant, following termination of service or a one-year break in service, if such participant is entitled to a deferred vested benefit. Authorizes the Secretary of Labor to exempt any employee benefit plan from any of the reporting and disclosure requirements, or to modify such requirement, upon a determination that such change is: (1) in th…