To amend the Internal Revenue Code of 1986 to grant relief to participants in multiemployer plans from certain section 415 limits on retirement plans.

Summary

Amends the Internal Revenue Code with respect to limitations on benefits and contributions under qualified plans to apply to multiemployer plans the same treatment in the adjustment to the $90,000 limit on benefits, where the benefit begins before the Social Security retirement age, as is accorded to plans maintained by governments and tax-exempt organizations. Exempts multiemployer plans from the alternative benefit limit of 100 percent of the participant's average compensation for his or her high three years. States that multiemployer plans shall not be combined or aggregated with other plans for limitation purposes.

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Timeline

1. 26 April 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 26 April 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 April 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 13 August 2001

   Committee

   See H.R.1836.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 26 April 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 26 April 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 26 April 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 26 April 2001

  Open at official source

Sponsors

• Rep. Weller, Jerry [R-IL-11] · R · Sponsor
• Rep. Johnson, Nancy L. [R-CT-6] · R · Sponsor
• Rep. English, Phil [R-PA-3] · R · Sponsor
• Rep. Boehlert, Sherwood [R-NY-25] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Economic Growth and Tax Relief Reconciliation Act of 2001