To entitle affected participants under a pension plan referred to in the USEC Privatization Act to payment for benefit increases not received.

Summary

Entitles to a one-time lump sum payment any persons (affected participants) who: (1) retired from active employment at one of the gaseous diffusion plants of the U.S. Enrichment Corporation (USEC) on or before USEC's privatization date as vested participants in a pension plan maintained either by USEC's operating contractor or by a contractor employed before July 1, 1993, by the Department of Energy to operate a gaseous diffusion plant; or (2) are employed by USEC's operating contractor on or before the privatization date, and are vested participants in such a pension plan. Prescribes a formula for determination of the payment. Allows any affected participant to treat such payment as a rollover contribution to a regular individual retirement account (IRA) or a Roth IRA. Prescribes hearing and judicial review rights for any affected participant who may have been prejudiced by any decision with regard to such a payment.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 September 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 September 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 September 2008

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.