Public Employee Retirement Security Act of 1996 - Amends the Internal Revenue Code to make inapplicable to defined benefit governmental plans a rule limiting benefits to 100 percent of a participant's average compensation for the participant's high three years.
Provides for the treatment of and defines qualified governmental excess benefit arrangements.
Exempts survivor and disability benefits under governmental plans from certain otherwise required benefit reductions.
Revises provisions concerning the treatment of deferred benefits plans of State and local governments and tax-exempt organizations.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR E629-630)
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