ERISA Simplification Act of 1983

[AI summary unavailable — showing source text] ERISA Simplification Act of 1983 - Title I: Amendments to the Employee Retirement Income Security Act of 1974 - Subtitle A: Amendments to Definitions - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to authorize the Secretary of labor to exempt by regulation any severance pay or supplemental income arrangement from provisions applicable to welfare plans and to provide alternative methods of compliance with any such provision. Conforms the definitions of "party in interest" and "governmental plan" with the Internal Revenue Code. Revises the definitions of "normal retirement age" and "relative." Subtitle B: Amendments to Reporting and Disclosure Provisions - Eliminates requirements regarding the filing of a plan description with the Secretary of Labor. Requires qualified public accountants and actuaries to rely on the correctness of actuarial or accounting matters certified by an enrolled actuary or with respect to which a qualified public accountant has expressed an opinion for purposes of the preparation of annual reports. Eliminates certain automatic filing requirements. Revises requirements regarding simplified annual reports for pension plans with less than 1…