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H.R. 2063 100th Congress House

Single-Employer Variable-Rate Premium Act of 1987

Official title: A bill to amend the Employee Retirement Income Security Act of 1974 to increase premium revenue for the single-employer pension plan termination insurance prog… Show full official titleShow less

Official title: A bill to amend the Employee Retirement Income Security Act of 1974 to increase premium revenue for the single-employer pension plan termination insurance program and to provide a more equitable distribution of single-employer pension plan premium costs.

Introduced: April 9, 1987 See on congress.gov
Labor and Employment Business and commerceEmployee benefit plansInsuranceInsurance premiums
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Pension fundsPension trust guaranty insurance
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 1987
Referred to Subcommittee on Labor-Management Relations.
Apr 9, 1987
Referred to House Committee on Ways and Means.
Apr 9, 1987
Referred to House Committee on Education and Labor.
Apr 9, 1987
Introduced in House
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 Latest action May 8, 1987

Referred to Subcommittee on Labor-Management Relations.

 Plain-English summary Congressional Research Service

Single-Employer Variable-Rate Premium Act of 1987 - Amends the Employee Retirement Income Security Act of 1974 to revise, for plan year 1988 and thereafter, the annual premium for the guaranty fund covering singe-employer basic pension benefits plans. Changes from a fixed rate per participant to a formula yielding a variable rate dependent on the number of participants and the funding target deficiency, if any. Sets forth formulas for determining the new premium.

Requires the Pension Benefit Guaranty Corporation (PBGC) to: (1) review triennially the claims experience and financial condition of the single-employer program; (2) determine the premium revenue necessary for the next funding charge period; and (3) adjust the premium charge to meet such revenue needs. Prohibits the triennial adjustment from yielding an increase or decrease in premium in excess of 50 percent.

Fixes a maximum premium amount for a plan year. Authorizes specified surcharges, which are exempted from the premium cap.

Makes each contributing sponsor of a single-employer plan or member of a sponsor's controlled group liable to the PBGC for payment of the plan's premiums.

 Committees of jurisdiction 3
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APA
U.S. Congress. (2026). H.R. 2063: Single-Employer Variable-Rate Premium Act of 1987. 100th Congress. Open America. https://openamerica.io/bill/100-HR-2063/
MLA
"H.R. 2063: Single-Employer Variable-Rate Premium Act of 1987." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-HR-2063/.
Bluebook (legal)
H.R. 2063, 100th Cong. (2026), https://openamerica.io/bill/100-HR-2063/.
Markdown link
[H.R. 2063: Single-Employer Variable-Rate Premium Act of 1987](https://openamerica.io/bill/100-HR-2063/)
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