A bill to amend title IV of the Employee Retirement Income Safety Act of 1974 to authorize the Pension Benefit Guaranty Corporation to extend, for not more than 18 months, the date on which the corporation first begins paying benefits under terminated multiemployer plans.

Summary

Amends the Employee Retirement Income Security Act of 1974 to authorize the Pension Benefit Guaranty Corporation to delay the January 1, 1978, effective date for benefit payments with respect to terminations of multiemployer plans to a date not later than July 1, 1979, if it determines that a delay is necessary to prevent serious financial difficulty for the corporation and to insure proper coverage for multiemployer plans terminating after such effective date.

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Documents

2 official files

• Reported to Senate with amendment(s)

  summary · EN · 1 November 1977

  Open at official source

• Introduced in Senate

  summary · EN · 21 September 1977

  Open at official source

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