legislation: 108-s-1610

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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
108-s-1610 108 s 1610 Defined Benefit Pension Plan Reform Act of 2003 Labor and Employment 2003-09-11 2003-09-11 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S11418-11419) Senate Sen. Bayh, Evan [D-IN] IN D B001233 1 Defined Benefit Pension Reform Plan of 2003 - Amends the Internal Revenue Code (the Code) and the Employee Retirement Income Security Act of 1974 (ERISA) concerning minimum funding standards for pension plans to: (1) permit a multiemployer plan to elect to use an emergency investment loss method (as defined), starting in the first plan year in which there is an emergency investment loss; and (2) establish separate mortality tables for blue-collar and white-collar workers which may be used in lieu of the current table. Amends the Code to modify the full-funding limitation for purposes of the deduction limits on employer pension contributions. Amends ERISA to require notification of participants and beneficiaries of plan terminations by the Pension Benefit Guaranty Corporation. 2023-01-15T07:02:59Z  

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