H.R. 1320 — To amend the Internal Revenue Code of 1986 to waive in the case of multiemployer plans the section 415 limit on benefits to the participant's average compensation for his high 3 years.

Summary

Amends the Internal Revenue Code to exempt multiemployer pension plans from provisions which limit pension benefits to a participant's average compensation for the participant's three highest consecutive years of compensation.

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S. 1600A bill to amend the Internal Revenue Code of 1986 to waive in the case of multiemployer plans the section 415 limit on benefits to the participant's average compensation for his high 3 years.
1998-02-03Read twice and referred to the Committee on Finance.
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Legislative Actions

1997-04-14
Introduced in House
1997-04-14
Introduced in House
1997-04-14
Sponsor introductory remarks on measure. (CR E641)
1997-04-14
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to waive in the case of multiemployer plans the section 415 limit on benefits to the participant's average compensation for his high 3 years.

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