S 3766
117th Congress
Senate
Labor and Employment
Susan Muffley Act of 2022
Introduced: March 7, 2022
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 7, 2022
Read twice and referred to the Committee on Finance.
Mar 7, 2022
Introduced in Senate
Plain-English summary
Susan Muffley Act of 2022
This bill restores the full vested monthly benefits for eligible participants of certain pension plans that were sponsored by Delphi Corporation and terminated as a result of General Motors' bankruptcy in 2009.
The Pension Benefit Guaranty Corporation (PBGC) must recalculate and adjust each plan participant's monthly benefits payment. The PBGC must also apply the recalculation to previously-made monthly payments and make a lump-sum payment for any additional benefits based on the recalculation.
The bill establishes and provides appropriations to a fund for the payment of these benefits and specifies how the lump-sum payments are treated for tax purposes.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1