Pension Reform Act of 1995

Summary

Pension Reform Act of 1995 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC) with respect to pension integration, participation, and vesting requirements. Extends applicability of new integration rules under the Tax Reform Act of 1986 to all existing accrued benefits. Amends the IRC to disallow integration for simplified employee pensions, by repealing provisions relating to permitted disparity under rules limiting discrimination under simplified employee pensions. Provides for eventual repeal of certain integration rules, by repealing for plan years beginning on or after January 1, 2003, IRC provisions relating to: (1) pension integration exceptions under nondiscrimination requirements for qualification; and (2) nondiscriminatory coordination of defined contribution plans with Old Age, Survivors and Disability Insurance. Revises IRC minimum coverage requirements with respect to separate lines of business. Sets forth a special rule where the employer operates a single line of business. Limits a line of business exception. Eliminates a special vesting rule for multiemployer plans under IRC and ERISA. Provides for division of pension benefits upon divorce unless otherwise provided in qualified domestic relations orders. Provides for the continued availability of remedies relating to rights of spouses to accrued benefits under pension plans under divorce case domestic relations orders entered before 1985. Amends the Railroad Retirement Act of 1974 to revise provisions relating to divorced wives' eligibility for annuities.

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Timeline

1. 24 February 1995

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Economic and Educational Opportunities, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 24 February 1995

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Economic and Educational Opportunities, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 24 February 1995

   Introduced

   Sponsor introductory remarks on measure. (CR E437-438)

   Source: IntroReferral

4. 24 February 1995

   Introduced

   Introduced in House

   Source: IntroReferral

5. 24 February 1995

   Introduced

   Introduced in House

   Source: IntroReferral

6. 17 March 1995

   Referred

   Referred to the Subcommittee on Employer-Employee Relations.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 February 1995 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 February 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 February 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 24 February 1995

  Open at official source

Sponsors

• Rep. Kennelly, Barbara B. [D-CT-1] · D · Sponsor
• · hsed00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.