HR 2813 · 99th Congress · Labor and Employment
Single-Employer Pension Plan Amendments Act of 1985
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Ordered to be Reported (Amended).(1985-09-11)
Plain Language Summary
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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. Specifies that the adoption and operation of a provision of a single-employer plan amendment is not a termination, for purposes of the title IV plan termination insurance program, if the sole effect of such provision is to provide that some or all service performed on or after a specified date will not be taken into account under the plan solely for purposes of determining benefits accrued on or after such specified date (in acc…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
5 Democrats1 Republican