Pension Fund Integrity Act of 2016
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.
Pension Fund Integrity Act of 2016
This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to require salary reductions for certain employees of systemically important multiemployer pension plans that are in critical or declining status and that reduce participant benefits.
When a benefit suspension is in effect, any compensation paid to employees of a plan that exceeds the amounts specified in this bill is a prohibited transaction that is subject to a tax to be paid by the plan sponsor.
If a plan is in endangered, critical, or critical and declining status, payments for lobbying and political expenses for any person other than an employee of the plan are prohibited transactions and subject to a tax to be paid by the plan sponsor.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2894: Pension Fund Integrity Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-S-2894/
"S. 2894: Pension Fund Integrity Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2894/.
S. 2894, 114th Cong. (2026), https://openamerica.io/bill/114-S-2894/.
[S. 2894: Pension Fund Integrity Act of 2016](https://openamerica.io/bill/114-S-2894/)