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HR 3218 98th Congress House Labor and Employment Employee benefit plans Income tax Tax administration Tax returns Taxation

Terminated Employee Pension Restoration Act of 1983

Introduced: June 2, 1983 See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 20, 1984
Subcommittee Hearings Held.
Sep 17, 1984
Executive Comment Requested from Labor, Treasury.
Jun 17, 1983
Referred to Subcommittee on Labor-Management Relations.
Jun 2, 1983
Introduced in House
Jun 2, 1983
Referred to House Committee on Ways and Means.
Jun 2, 1983
Referred to House Committee on Education and Labor.
 Plain-English summary Congressional Research Service

Terminated Employee Pension Restoration Act of 1983 - Authorizes payment of a Federal annuity to persons (or spouses of such persons) who: (1) were participants in a private employee pension plan which was terminated before September 2, 1974; (2) had immediately before termination a nonforfeitable benefit under the plan; and (3) have not received payment in full of such benefit because of the plan's termination. Sets forth the method of computing the annuity.

Directs the Secretary of Labor to approve a claim for such an annuity if the claim meets the Secretary's regulation and includes evidence establishing that the claimant is a qualified participant or a qualified spouse.

Sets forth the procedure for review of denial of such an annuity claim.

Directs the Secretary of the Treasury to make annuity payments to entitled individuals after the receipt of specified information from the Secretary of Labor.

Authorizes the Secretary of Labor to work with other Federal agencies to avoid unnecessary expense and duplication of functions.

Amends the Internal Revenue Code to require disclosure of tax return information to Labor Department employees for comparison of specified records in order to establish the validity of an annuity claim.

Authorizes appropriations for FY 1984 to the Department of Labor to carry out its functions under this Act. Authorizes appropriations to the Department of the Treasury to make annuity payments under this Act beginning with FY 1984 and continuing until the last such payment is made.

What's happening now September 20, 1984

Subcommittee Hearings Held.

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Democratic 2