HR 4928 · 97th Congress · Labor and Employment
Public Employee Pension Plan Reporting and Accountability Act of 1982
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Executive Comment Requested from Pension Benefit Guaranty Corporation, IRS.(1982-09-28)
Plain Language Summary
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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