S 2563
107th Congress
Senate
Labor and Employment
Bus drivers
Finance and Financial Sector
Insurance premiums
Interest rates
Motor bus lines
Pension funds
Pension trust guaranty insurance
Tax-deferred compensation plans
Taxation
Transportation and Public Works
A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 with respect to the interest rate range for additional funding requirements, and for other purposes.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 23, 2002
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4853)
May 23, 2002
Sponsor introductory remarks on measure. (CR S4852-4853)
May 23, 2002
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to apply to 2001 the 2002 and 2003 special interest rate range for additional funding requirements for pension plans by the Pension Benefit Guaranty Corporation (PBGC).
Amends ERISA to revise the formula for determining such range.
Amends the Retirement Protection Act of 1994 to establish special rules relating to funding liability percentages and the mortality table to be used for purposes of determining unfunded vested benefits.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4853)
Committees of jurisdiction
1