Eliminates the retroactive application of certain withdrawal liability provisions of the Employee Retirement Income Security Act of 1974 and the Multiemployer Pension Plan Amendments Act of 1980.
Requires plan sponsors to refund any amounts paid by an employer as a result of such withdrawal liability, less a reasonable amount for administrative expenses.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB; Treasury Department; Labor Department.
Subcommittee on Savings, Pensions, and Investment. Hearings held.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line