Employee Pension Protection Act of 1989

Summary

Employee Pension Protection Act of 1989 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to revise fiduciary standards applicable to pension plan assets to account for duties with respect to assets of terminated plans. Establishes fiduciary standards to apply to employer reversions upon plan termination, requiring an employer to establish and maintain a complete replacement plan or a substantial replacement plan in connection with the termination. Prescribes requirements to govern both types of plans. Links the establishment of either of these new plans to the amount of any employer reversion, requiring the new plans to have assets sufficient to pay all liabilities to participants and their beneficiaries. Considers any plan fiduciary or sponsor to be jointly and severally liable for violation of ERISA if requirements regarding complete replacement or substantial replacement plans upon plan termination are not met at any time during the five-year period beginning on the date of final distribution of assets from the terminated plan. Describes fiduciary duties to govern the distribution of plan assets to participants and beneficiaries upon plan termination in cases when the employer does not set up a replacement or substantial replacement plan. Institutes fiduciary duties with respect to distributions of plan assets upon termination in direct trustee-to-trustee transfers to individual retirement plans. Directs the Secretary of Labor to prescribe reporting requirements in connection with these transfers.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 April 1989

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

2. 4 April 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 April 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 13 April 1989

   Committee

   Executive Comment Requested from Labor.

   Source: Committee

5. 17 April 1989

   Referred

   Referred to the Subcommittee on Labor-Management Relations.

   Source: Committee

6. 18 April 1989

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 18 April 1989

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

8. 18 April 1989

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

9. 13 July 1989

   Committee

   Unfavorable Executive Comment Received from Labor.

   Source: Committee

10. 13 July 1989

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

11. 13 July 1989

    Reported

    Ordered to be Reported (Amended).

    Source: Committee

12. 24 July 1989

    Calendars

    Placed on the Union Calendar, Calendar No. 111.

    Source: Calendars

13. 24 July 1989

    Reported

    Reported (Amended) by the Committee on Education and Labor. H. Rept. 101-169.

    Source: Committee

14. 24 July 1989

    Reported

    Reported (Amended) by the Committee on Education and Labor. H. Rept. 101-169.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file
• Reported in House · — · Download file

Documents

4 official files

• Reported in House (text)

  Reported in House · EN

  ViewDownloadOpen at official source

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Reported to House with amendment(s)

  summary · EN · 24 July 1989

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 4 April 1989

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Clay, William (Bill) [D-MO-1] · D · Sponsor
• Rep. Hawkins, Augustus F. [D-CA-29] · D · Sponsor
• Rep. Pepper, Claude [D-FL-18] · D · Sponsor
• Rep. Roybal, Edward R. [D-CA-25] · D · Sponsor
• Rep. Ford, William D. [D-MI-13] · D · Sponsor
• Rep. Miller, George [D-CA-11] · D · Sponsor
• Rep. Kildee, Dale E. [D-MI-5] · D · Sponsor
• Rep. Williams, Pat [D-MT-At Large] · D · Sponsor
• Rep. Martinez, Matthew G. [D-CA-31] · D · Sponsor
• Rep. Owens, Major R. [D-NY-11] · D · Sponsor
• Rep. Hayes, Charles A. [D-IL-1] · D · Sponsor
• Rep. Perkins, Carl C. [D-KY-7] · D · Sponsor
• Rep. Visclosky, Peter J. [D-IN-1] · D · Sponsor
• Rep. AuCoin, Les [D-OR-1] · D · Sponsor
• Sen. Boxer, Barbara [D-CA] · D · Sponsor
• Rep. Dellums, Ronald V. [D-CA-9] · D · Sponsor
• Del. Fauntroy, Walter E. [D-DC-At Large] · D · Sponsor
• Rep. McDade, Joseph M. [R-PA-10] · R · Sponsor
• Rep. McCloskey, Frank [D-IN-8] · D · Sponsor
• Rep. Oberstar, James L. [D-MN-8] · D · Sponsor
• Rep. Traficant, James A., Jr. [D-OH-17] · D · Sponsor
• Rep. Wilson, Charles [D-TX-2] · D · Sponsor
• Rep. Bates, Jim [D-CA-44] · D · Cosponsor
• Rep. Collins, Cardiss [D-IL-7] · D · Cosponsor
• Sen. Campbell, Ben Nighthorse [R-CO] · D · Cosponsor
• Rep. Unsoeld, Jolene [D-WA-3] · D · Cosponsor
• Rep. Florio, James J. [D-NJ-1] · D · Cosponsor
• Rep. Penny, Timothy J. [D-MN-1] · D · Cosponsor
• Rep. Gaydos, Joseph M. [D-PA-20] · D · Cosponsor
• Rep. Ravenel, Arthur, Jr. [R-SC-1] · R · Cosponsor
• Rep. Kolter, Joseph P. [D-PA-4] · D · Cosponsor
• Rep. Ackerman, Gary L. [D-NY-5] · D · Cosponsor
• Rep. Rahall, Nick J., II [D-WV-3] · D · Cosponsor
• Rep. Bonior, David E. [D-MI-10] · D · Cosponsor
• Rep. Kanjorski, Paul E. [D-PA-11] · D · Cosponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Cosponsor
• Rep. Stokes, Louis [D-OH-11] · D · Cosponsor
• Rep. Wheat, Alan [D-MO-5] · D · Cosponsor
• Rep. Poshard, Glenn [D-IL-22] · D · Cosponsor
• Rep. Murphy, Austin J. [D-PA-20] · D · Cosponsor
• Rep. Jontz, Jim [D-IN-5] · D · Cosponsor
• Rep. Wolpe, Howard E. [D-MI-3] · D · Cosponsor
• Rep. Atkins, Chester G. [D-MA-5] · D · Cosponsor
• Rep. Kleczka, Gerald D. [D-WI-4] · D · Cosponsor
• Rep. Walgren, Doug [D-PA-18] · D · Cosponsor
• Rep. Saiki, Patricia [R-HI-1] · R · Cosponsor
• Rep. Borski, Robert A. [D-PA-3] · D · Cosponsor
• Rep. Kastenmeier, Robert W. [D-WI-2] · D · Cosponsor

Showing 48 of 91 sponsors and actors.

Related records

• related to ← Employee Pension Protection Act of 1990