Public Pension Equity Restoration Act of 1993 - Amends the Internal Revenue Code to allow deferred compensation to be included in governmental retirement plans.
Removes the special rule for governmental plans which limits benefits to 100 percent of the average compensation for the highest three years.
Removes excess benefit arrangements and survivor and disability benefits from limitations on governmental plans.
Provides a mechanism to pay benefits above limitations to certain employees.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1179)
Referred to the House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line