HR 2811 · 99th Congress · Labor and Employment

Single-Employer Pension Plan Amendments Act of 1985

Introduced 1985-06-20· Sponsored by Rep. Clay, William (Bill) [D-MO-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Reported to House (Amended) by House Committee on Education and Labor. Report No: 99-266 (Part I).(1985-09-12)

Plain Language Summary

[AI summary unavailable — showing source text] Single-Employer Pension Plan Amendments Act of 1985 - Amends title IV (Plan Termination Insurance) of the Employee Retirement Income Security Act of 1974 (ERISA) to revise provisions relating to the single-employer pension plan termination insurance program. Sets forth redefinitions or new definitions relating to such program for the following terms: (1) substantial employer; (2) contributing sponsor; (3) controlled group; (4) single-employer plan; (5) benefit entitlements; (6) amount of unfunded guaranteed benefits; (7) amount of unfunded benefit entitlements; (8) outstanding amount of benefit entitlements; (9) person; (10) affected party; and (11) section 4049 trustee. Sets forth a technical correction to the Multiemployer Pension Plan Amendments of 1980. Amends ERISA to increase from $2.60 to $8.50 per capita the annual premium rate payable to the Pension Benefit Guaranty Corporation (the Corporation) by single-employer plans for plan years beginning after December 31, 1985. Authorizes the Corporation to establish annual premiums in accordance with revised rate bases. Requires that congressional approval of the Corporation's recommended revised premium schedules be by the enactm…

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

Cosponsors (6)

5 Democrats1 Republican