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H.R. 3047 106th Congress House

Pension Reduction Disclosure Act of 1999

Official title: To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to require plans which adopt amendments that significantly r… Show full official titleShow less

Official title: To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to require plans which adopt amendments that significantly reduce future benefit accruals to provide participants with adequate notice of the changes made by such amendments.

Introduced: October 7, 1999 See on congress.gov
Labor and Employment Defined benefit pension plansEarly retirementEmployee rightsExcise tax
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Government Operations and PoliticsGovernment paperworkPension fundsSocial WelfareTax penaltiesTaxation
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 7, 1999
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 7, 1999
Sponsor introductory remarks on measure. (CR E2066-2068)
Oct 7, 1999
Introduced in House
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 Latest action October 7, 1999

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service
Pension Reduction Disclosure Act of 1999 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to set forth notice requirements for pension plans which significantly reduce future benefit accruals.

Requires additional information to be provided in such notice by large pension plans with 100 or more active participants.

Imposes an excise tax upon failure of pension plans to provide such notice.

 Related & companion bills 1
  • S 1708 Identical bill Pension Reduction Disclosure Act of 1999
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3047: Pension Reduction Disclosure Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-3047/
MLA
"H.R. 3047: Pension Reduction Disclosure Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-3047/.
Bluebook (legal)
H.R. 3047, 106th Cong. (2026), https://openamerica.io/bill/106-HR-3047/.
Markdown link
[H.R. 3047: Pension Reduction Disclosure Act of 1999](https://openamerica.io/bill/106-HR-3047/)
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