United States · Bill · S
S. 5045 (116th)
Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020
Introduced
17 December 2020
Last action
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Status
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020 This bill makes various changes with respect to the administration of multiemployer pension plans. Among other provisions, the bill allows qualified plans to apply for special partition assistance from the Pension Benefit Guaranty Corporation, revises the criteria for plans that are in endangered or critical status, and establishes rules for new composite plans that have certain attributes of both defined benefit and defined contribution plans.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 17 December 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 December 2020
Introduced in Senate
summary · EN · 17 December 2020
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/5045
- Open data entity: https://api.congress.gov/v3/bill/116/s/5045