Pension Restoration Act of 1991

Summary

Pension Restoration Act of 1991 - Establishes a Federal annuity program administered by the Pension Benefit Guaranty Corporation, to compensate participants in certain terminated private pension plans for nonforfeitable pension benefits lost by reason of the termination. Sets forth provisions for such annuity program relating to: (1) entitlement; (2) computation; (3) applications; (4) administrative appeals; (5) judicial review; (6) payment; (7) interagency coordination and cooperation; and (8) regulations. Provides for the use of certain funds under the Employee Retirement Income Security Act of 1974 (ERISA) to pay such annuities and the administrative costs of such program.

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Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 5 February 1991

  Open at official source

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