HR 1942
100th Congress
House
Labor and Employment
Employee benefit plans
Pension funds
Trusts and trustees
Pension Plan Assets Protection Act of 1987
Introduced: April 6, 1987
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 1987
Referred to Subcommittee on Labor-Management Relations.
Apr 6, 1987
Introduced in House
Apr 6, 1987
Referred to House Committee on Education and Labor.
Plain-English summary
Pension Plan Assets Protection Act of 1987 - Amends the Employee Retirement Income Security Act of 1974 to disallow reversions of residual assets to employers upon single-employer plan termination. Provides that, if any assets of the plan remain after all liabilities to participants and their beneficiaries have been satisfied, such assets shall be equitably distributed to such participants and beneficiaries in the same proportions as assets of the plan are allocated to the benefits of such participants and beneficiaries in satisfying such liabilities.
Provides for the applicability of rules with regard to fiduciary duties in relation to plan terminations.
What's happening now
Referred to Subcommittee on Labor-Management Relations.
Committees of jurisdiction
2
Cosponsors
1