A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 to provide for the treatment of trucking industry plans under rules governing multiemployer plans and to make certain other improvements in such rules.
Multiemployer Pension Plan Amendments of 1982 - Amends the Employee Retirement Income Security Act of 1974 to set forth provisions relating to the applicability of multiemployer rules to trucking industry plans.
Makes withdrawal liability provisions inapplicable to trucking industry plans.
Repeals a special complete withdrawal rule.
Makes a provision relating to transfers pursuant to a change in bargaining representative inapplicable to trucking industry plans.
Makes a benefit under a trucking industry plan ineligible for the multiemployer plan benefit guarantee of the Pension Benefit Guaranty Corporation if such benefit becomes nonforfeitable before the plan year in which occurred September 2, 1974. Provides that specified provisions for adjustments in accrued benefits are not applicable to any such benefit. Amends a corresponding provision in the Internal Revenue Code.
Establishes a trucking industry pension benefit guaranty fund. Sets forth provisions for premium rates, cessation of premium payments, and assessments in lieu of premiums.
Exempts trucking industry plans from certain requirements if other requirements relating to merger and transfers of multiemployer plans are met.
Revises provisions for special withdrawal liability rules for the building and construction industry.
Revises provisions for multiemployer plans withdrawals to provide for a limitation on withdrawal liability in cases in which withdrawal results from a change in bargaining representative and a transfer of assets and liabilities is not required. Makes conforming and technical amendments.
Revises provisions for conditions under which a sale of assets does not result in withdrawal liability.
Revises provisions relating to effective dates and special rules.
Repeals the special rule (under the Multiemployer Pension Plan Amendments Act of 1980) relating to employer withdrawals from a multiemployer plan covering employees in the seagoing industry in connection with ports on the West Coast of the United States.
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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