A bill to provide for the development of a single national policy with regard to fostering the orderly growth and maintenance of employee benefit plans, protecting effectively the interests of participants and beneficiaries in such plans, and establishing of effective mechanisms for providing adequate retirement income for greater numbers of persons, by consolidating in a single, independent agency the administration of laws relating to employee benefit plans.
Employee Benefit Administration Act of 1983 - Amends the Employment Retirement Income Security Act of 1974 to direct the President to establish the Employee Benefit Administration (EBA) as an independent agency which shall administer all Federal laws relating to employee benefit plans. Vests in the Board of Directors of the EBA all functions relating to the qualification and disqualification of such plans under the Internal Revenue Code.
Requires the President to appoint special liaison officers of the Departments of Labor and of the Treasury to serve for terms on the EBA Board. Transfers to the Board various specified functions of such Departments, including the Joint Board for the Enrollment of Actuaries (renamed the Actuary Enrollment Board) from Treasury and the Pension Benefit Guaranty Corporation from Labor.
Introduced in House
Introduced in House
Referred to House Committee on Education and Labor.
Referred to House Committee on Ways and Means.
Referred to Subcommittee on Labor-Management Relations.
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