HR 2812 · 99th Congress · Labor and Employment

Single-Employer Pension Plan Termination Insurance Premium 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: 99-267 (Part I).(1985-09-12)

Plain Language Summary

[AI summary unavailable — showing source text] Single-Employer Pension Plan Termination Insurance Premium Act of 1985 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to increase from $2.60 to $8.50 per capita the annual permium rate payable to the Pension Benefit Guaranty Corporation (the Corporation) by single-employer pension 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 enactment of a joint resolution. (Current law requires a concurrent resolution for such purpose.)…

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

Cosponsors (6)

5 Democrats1 Republican