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United States · Bill · HR

H.R. 1677 (108th)

Pension Benefits Protection Act of 2003

referredUnited States· United States Congress· EN

Introduced

8 April 2003

Last action

2 May 2003 · Referred

Status

Referred to the Subcommittee on Employer-Employee Relations.

Sponsors

Sen. Sanders, Bernard [I-VT], Rep. Miller, George [D-CA-11], Rep. Visclosky, Peter J. [D-IN-1], Rep. Emanuel, Rahm [D-IL-5], Rep. Serrano, Jose E. [D-NY-15], Rep. Engel, Eliot L. [D-NY-16], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Ortiz, Solomon P. [D-TX-27], Sen. Brown, Sherrod [D-OH], Rep. Petri, Thomas E. [R-WI-6], Rep. Oberstar, James L. [D-MN-8], Rep. Taylor, Gene [D-MS-4], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Towns, Edolphus [D-NY-10], Rep. Ross, Mike [D-AR-4], Rep. Delahunt, William D. [D-MA-10], Rep. Olver, John W. [D-MA-1], Rep. Payne, Donald M. [D-NJ-10], Rep. Andrews, Robert E. [D-NJ-1], Rep. Wynn, Albert Russell [D-MD-4], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Strickland, Ted [D-OH-6], Rep. Gutierrez, Luis V. [D-IL-4], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Solis, Hilda L. [D-CA-32], Rep. Wexler, Robert [D-FL-19], Sen. Schiff, Adam B. [D-CA], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Meehan, Martin T. [D-MA-5], Rep. Nadler, Jerrold [D-NY-12], Rep. Rahall, Nick J., II [D-WV-3], Rep. Goode, Virgil H., Jr. [R-VA-5], Rep. Baca, Joe [D-CA-43], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Costello, Jerry F. [D-IL-12], Sen. Markey, Edward J. [D-MA], Rep. Kilpatrick, Carolyn C. [D-MI-13], Rep. Lee, Barbara [D-CA-12], Rep. Obey, David R. [D-WI-7], Rep. Green, Gene [D-TX-29], Rep. Deutsch, Peter [D-FL-20], Rep. Michaud, Michael H. [D-ME-2], Rep. Jones, Stephanie Tubbs [D-OH-11], Sen. Udall, Tom [D-NM], Rep. Weiner, Anthony D. [D-NY-9], Rep. DeFazio, Peter A. [D-OR-4], Rep. Pallone, Frank [D-NJ-6], Rep. McGovern, James P. [D-MA-2]

Subjects

Discovery layer

Source updated

23 March 2026

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Summary

Pension Benefits Protection Act of 2003 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code) to protect pension benefits of employees in defined benefit (DB) plans, and to ensure that age discrimination laws are applied to conversions to cash balance plans and other such plans that are hybrids of DB's and defined contribution plans. Requires ERISA, the Code, and the Age Discrimination Act of 1967 to be applied and administered without regard to certain proposed regulations of the Secretary of the Treasury that relate to reductions of accruals and allocations because of the attainment of any age, and to application of nondiscrimination cross-testing rules to cash balance plans. Amends ERISA and the Code to protect certain DB plan participants from forced conversions to hybrid DB plans by plan amendments which change the way the accrued benefit to participants or beneficiaries are expressed and which reduce the rate of future benefit accrual of one or more participants. Requires employers, at the time such amendment takes effect, to provide employees who have attained 40 years of age or 10 years of service with certain notices and an election upon retirement to receive benefits as determined either under the plan in effect at time of retirement or under the plan in effect immediately before the plan amendment. Sets forth a formula to determine when a plan amendment adopted by a large (100 or more participants) DB plan shall be treated as wearing away accrued benefits.

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

Timeline

  1. 8 April 2003

    Introduced

    Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, 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. 8 April 2003

    Introduced

    Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, 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. 8 April 2003

    Introduced

    Sponsor introductory remarks on measure. (CR E708-709)

    Source: IntroReferral

  4. 8 April 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 8 April 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  6. 2 May 2003

    Referred

    Referred to the Subcommittee on Employer-Employee Relations.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 8 April 2003

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 8 April 2003

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 8 April 2003

    Open at official source

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Sponsors

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Related records

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Sources

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