S. 2005 · 108th Congress
Pension Stability Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GreggSponsorNo cosponsors.
Pension Stability Act - (Sec. 2) Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to temporarily replace (for plan years 2004 and 2005) the 30-year treasury bond interest rate with a rate based on conservatively invested long-term corporate bonds, for certain pension plan funding requirements.
What it does: CRS summary · Reported to Senate without amendment · Jan 9, 2004
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Pension Stability Act - (Sec. 2) Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to temporarily replace (for plan years 2004 and 2005) the 30-year treasury bond interest rate with a rate based on conservatively invested long-term corporate bonds, for certain pension plan funding requirements.
(Sec. 3) Establishes the Commission on Defined Benefit Pension Plans to study and report to Congress on specified issues relating to such plan.
(Sec. 4) Requires Congress to act on any legislative proposal contained in the Commission's report within a certain period after receiving it.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Pension Stability Act
Latest action (Jan 9, 2004): Placed on Senate Legislative Calendar under General Orders. Calendar No. 425.
Policy area: Labor and Employment · Origin: Senate · Introduced: Jan 9, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.