A bill to amend the Internal Revenue Code of 1986 to waive in the case of multiemployer plans the section 415 limit on benefits to the participant's average compensation for his high 3 years.

Summary

Amends the Internal Revenue Code to exempt multiemployer pension plans from provisions which limit pension benefits to a participant's average compensation for the participant's three highest consecutive years of compensation.

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

Timeline

1. 3 February 1998

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 3 February 1998

   Introduced

   Sponsor introductory remarks on measure. (CR S322)

   Source: IntroReferral

3. 3 February 1998

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 3 February 1998 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 3 February 1998

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 February 1998

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 3 February 1998

  Open at official source

Sponsors

• Rep. Boxer, Barbara [D-CA-6] · D · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Cosponsor
• Richard Durbin · D · Cosponsor
• Sen. Moseley-Braun, Carol [D-IL] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to waive in the case of multiemployer plans the section 415 limit on benefits to the participant's average compensation for his high 3 years.