HR 4928 · 97th Congress · Labor and Employment

Public Employee Pension Plan Reporting and Accountability Act of 1982

Introduced 1981-11-10· Sponsored by Rep. Erlenborn, John N. [R-IL-14]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Executive Comment Requested from Pension Benefit Guaranty Corporation, IRS.(1982-09-28)

Plain Language Summary

[AI summary unavailable — showing source text] Title I: Public Employee Retirement Income Security - Public Employee Retirement Income Security Act of 1981 - Establishes Federal reporting and disclosure requirements and fiduciary standards for certain State and local government retirement plans. Extends the requirements of this Act to all public employee pension plans except: (1) those covered and not exempted under the Employee Retirement Income Security Act (ERISA); (2) unfunded plans maintained by the employer primarily to provide deferred compensation for select management or highly compensated employees; (3) severance pay plans; (4) certain coverage agreements entered into under the Social Security Act; (5) certain individual retirement accounts or annuities, annuity plans, State deferred compensation plans, and other plans under specified provisions of the Internal Revenue Code; and (6) plans maintained solely to comply with applicable workers' compensation or disability insurance laws. Subtitle A: Reporting and Disclosure - Requires that plan administrators submit, within a specified period, registration statements to the Board of Directors of the Employee Benefit Administration (established under title II), unless regis…

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

Cosponsors (8)

4 Democrats4 Republicans