S. 1600 — A 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.

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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Related Legislation

H.R. 1320To 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.
1997-04-14Referred to the House Committee on Ways and Means.
Related

Legislative Actions

1998-02-03
Introduced in Senate
1998-02-03
Sponsor introductory remarks on measure. (CR S322)
1998-02-03
Read twice and referred to the Committee on Finance.

A 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.

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