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United States · Bill · S

S. 1573 (98th)

A bill to eliminate the retroactive application of certain provisions of Public Law 96-364.

openUnited States· United States Congress· EN

Introduced

29 June 1983

Last action

Status

Committee on Finance requested executive comment from OMB, Treasury Department.

Sponsors

Subjects

Discovery layer

Source updated

29 June 2021

Summary

Amends the Multiemployer Pension Plan Amendments Act of 1980 to void any withdrawal liability retroactively incurred by employers who withdrew, partially or completely, from a multi-employer pension plan before September 26, 1980. Requires plan sponsors to refund employers who have paid such withdrawal penalties. Permits deduction from such refunds of reasonable administrative expenses incurred in calculating and making them. Changes the dates upon which the methods for computing employer withdrawal liability from such plans are based.

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Documents

1 official file

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Sources

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