legislation: 101-s-2069

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
101-s-2069 101 s 2069 A bill to provide an 18-month moratorium on employer revisions upon termination of single-employer defined benefit pension plans. Labor and Employment 1990-02-05 1990-02-20 Referred to Subcommittee on Labor. Senate Sen. Kassebaum, Nancy Landon [R-KS] KS R K000017 2 Provides for an 18-month moratorium on employer reversions upon termination of single-employer defined benefit pension plans under the Employee Retirement Income Security Act of 1974. Requires that any pension plan surplus at the time of such a termination be: (1) paid to the employees; (2) placed in a new plan with higher benefits; or (3) placed in a trust for the exclusive benefit of the employees. Makes such trust continue to the end of the moratorium. Provides that distribution of plan assets would occur in accordance with applicable law then. 2025-04-21T12:24:17Z  

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