Skip to main content
S 991 109th Congress Senate

Pension Fairness and Full Disclosure Act of 2005

Official title: A bill to amend title I of the Employee Retirement Income Security Act of 1974 to limit the availability of benefits under an employer's nonqualified deferred … Show full official titleShow less

Official title: A bill to amend title I of the Employee Retirement Income Security Act of 1974 to limit the availability of benefits under an employer's nonqualified deferred compensation plans in the event that any of the employer's defined benefit pension plans are subjected to a distress or PBGC termination in connection with bankruptcy reorganization or a conversion to a cash balance plan, to provide appropriate funding restrictions in connection with the maintenance of nonqualified deferred compensation plans, and to provide for appropriate disclosure with respect to nonqualified deferred compensation plans.

Introduced: May 10, 2005 See on congress.gov
Labor and Employment Administrative procedureBankruptcyCivil actions and liabilityCommerce
More subjectsShow fewer subjects
Corporate reorganizationsDefined benefit pension plansDepartment of LaborEmployee rightsExecutive compensationFinance and Financial SectorGovernment Operations and PoliticsInjunctionsLawPension fundsPension trust guaranty insuranceStandardsTax-deferred compensation plansTaxationTrusts and trusteesValuation
Sign in to write a letter Sign in to watch
This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
May 10, 2005
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 10, 2005
Sponsor introductory remarks on measure. (CR S4876)
May 10, 2005
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action May 10, 2005

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Plain-English summary Congressional Research Service

Pension Fairness and Full Disclosure Act of 2005 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to establish a termination fairness standard that limits availability of benefits under an employer's nonqualified deferred compensation plans if such employer's defined benefit pension plan is subjected to: (1) a termination based on bankruptcy reorganization; or (2) a conversion to a cash balance plan.

Prohibits funding nonqualified deferred compensation plans while maintaining underfunded defined benefit plans.

Imposes penalties on funding nonqualified deferred compensation plans: (1) in the event of a pension plan termination based on bankruptcy reorganization or of a conversion to a cash balance plan; or (2) while maintaining underfunded defined benefit plans.

Requires disclosure with respect to nonqualified deferred compensation plans.

 Related & companion bills 1
  • HR 2233 Related bill Pension Fairness and Full Disclosure Act of 2005
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Cantwell, Maria
Washington · May 17, 2005
 D
Murray, Patty
Washington · May 16, 2005
 D
Durbin, Richard J.
Illinois · May 10, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 991: Pension Fairness and Full Disclosure Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-991/
MLA
"S. 991: Pension Fairness and Full Disclosure Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-991/.
Bluebook (legal)
S. 991, 109th Cong. (2026), https://openamerica.io/bill/109-S-991/.
Markdown link
[S. 991: Pension Fairness and Full Disclosure Act of 2005](https://openamerica.io/bill/109-S-991/)
Report a problem