H.R. 7195 · 110th Congress
To entitle affected participants under a pension plan referred to in the USEC Privatization Act to payment…
Full title
To entitle affected participants under a pension plan referred to in the USEC Privatization Act to payment for benefit increases not received.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
WhitfieldSponsorNo cosponsors.
Entitles to a one-time lump sum payment any persons (affected participants) who: (1) retired from active employment at one of the gaseous diffusion plants of the U.S.
What it does: CRS summary · Introduced in House · Sep 27, 2008
Entitles to a one-time lump sum payment any persons (affected participants) who: (1) retired from active employment at one of the gaseous diffusion plants of the U.S. Enrichment Corporation (USEC) on or before USEC's privatization date as vested participants in a pension plan maintained either by USEC's operating contractor or by a contractor employed before July 1, 1993, by the Department of Energy to operate a gaseous diffusion plant; or (2) are employed by USEC's operating contractor on or before the privatization date, and are vested participants in such a pension plan.
Prescribes a formula for determination of the payment.
Allows any affected participant to treat such payment as a rollover contribution to a regular individual retirement account (IRA) or a Roth IRA.
Prescribes hearing and judicial review rights for any affected participant who may have been prejudiced by any decision with regard to such a payment.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To entitle affected participants under a pension plan referred to in the USEC Privatization Act to payment for benefit increases not received.
Latest action (Sep 27, 2008): Referred to the Subcommittee on Health.
Policy area: Labor and Employment · Origin: House · Introduced: Sep 27, 2008
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.