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

referredUnited States· United States Congress· EN

Introduced

1 April 1998

Last action

1 April 1998 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Weller, Jerry [R-IL-11], Rep. English, Phil [R-PA-3], Rep. Johnson, Nancy L. [R-CT-5], Rep. Kelly, Sue W. [R-NY-19], Rep. Quinn, Jack [R-NY-27], Rep. Fox, Jon D. [R-PA-13], Rep. Diaz-Balart, Lincoln [R-FL-21], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. LaTourette, Steven C. [R-OH-14], Rep. King, Peter T. [R-NY-2], Rep. McHugh, John M. [R-NY-23], Rep. Ney, Robert W. [R-OH-18], Rep. LoBiondo, Frank A. [R-NJ-2], Rep. LaHood, Ray [R-IL-18], Rep. Kildee, Dale E. [D-MI-5], Rep. Blumenauer, Earl [D-OR-3], Rep. Andrews, Robert E. [D-NJ-1], Rep. Furse, Elizabeth [D-OR-1], Rep. Forbes, Michael P. [D-NY-1], Rep. Lewis, Jerry [R-CA-41], Rep. Smith, Christopher H. [R-NJ-4], Rep. Leach, James A. [R-IA-2], Rep. Nethercutt, George R., Jr. [R-WA-5], Rep. Ros-Lehtinen, Ileana [R-FL-27], Rep. Manzullo, Donald A. [R-IL-16], Rep. Hoekstra, Peter [R-MI-2], Rep. Price, David E. [D-NC-4], Rep. Gilman, Benjamin A. [R-NY-20], Rep. Shays, Christopher [R-CT-4], Rep. Farr, Sam [D-CA-20], Rep. Shimkus, John [R-IL-15], Rep. Metcalf, Jack [R-WA-2], Rep. Boehlert, Sherwood [R-NY-24], Rep. Whitfield, Ed [R-KY-1], Rep. Ewing, Thomas W. [R-IL-15], Rep. Pappas, Michael [R-NJ-12], Rep. Fossella, Vito [R-NY-13], Rep. Franks, Bob [R-NJ-7], Rep. Lazio, Rick [R-NY-2], Rep. Hyde, Henry J. [R-IL-6], Rep. Horn, Stephen [R-CA-38], Rep. Pryce, Deborah [R-OH-15], Rep. Campbell, Tom [R-CA-15], Rep. Young, Don [R-AK-At Large], Rep. Hastings, Doc [R-WA-4]

Subjects

Taxation

Source updated

2 January 2025

Taxation

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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.

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

Timeline

1 April 1998
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
1 April 1998
Introduced
Introduced in House
Source: IntroReferral
1 April 1998
Introduced
Introduced in House
Source: IntroReferral

Votes

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Versions

Introduced in House · 1 April 1998 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 1 April 1998
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Introduced in House (PDF)
Introduced in House · EN · 1 April 1998
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Introduced in House
summary · EN · 1 April 1998
Open at official source
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Related records

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Sources

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Official source: https://www.congress.gov/bill/105th-congress/house-bill/3632
Open data entity: https://api.congress.gov/v3/bill/105/hr/3632
us · 105-hr-3632 · source updated 2 January 2025