Coal Industry Health Benefit Stabilization Act of 1989

Summary

Coal Industry Health Benefit Stabilization Act of 1989 - Authorizes the transfer of surplus assets from a coal industry pension plan to a coal industry health benefits plan, under specified conditions, without certain adverse effects in tax treatment under the Internal Revenue Code. Obliges specified employers to continue to contribute to multiemployer coal industry health benefits plans. Provides that nothing in this Act shall diminish or adversely affect any cause of action of such a plan, or its board of trustees, against an employer for contributions based on a collective bargaining agreement between the employer and a labor organization which is a settlor of the plan. Directs the United Mine Workers of America and the Bituminous Coal Operators' Association to report by February 1, 1994, on the effect of this Act on the delivery of retiree health benefits in the bituminous coal industry.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 5 October 1989

  Open at official source

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