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United States · Bill · S

S. 671 (116th)

Miners Pension Protection Act

referredUnited States· United States Congress· EN

Introduced

6 March 2019

Last action

6 March 2019 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Capito, Shelley Moore [R-WV], Sen. Portman, Rob [R-OH]

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Miners Pension Protection Act This bill transfers certain funds to provide pension benefits for retired coal miners who have been affected by issues such as coal company bankruptcies. The Department of the Treasury must transfer additional funds to the 1974 United Mine Workers of America (UMWA) Pension Plan to pay pension benefits required under that plan if the annual limit on transfers under the Surface Mining Control and Reclamation Act of 1977 exceeds the amount required to be transferred for existing obligations of the Abandoned Mine Reclamation Fund. The bill also increases the annual limit on transfers from $490 million to $750 million. The bill also allows in-service distributions under a pension plan or governmental section 457(b) plan at age 59-1/2 (currently age 62).

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

Timeline

  1. 6 March 2019

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 6 March 2019

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 6 March 2019

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 6 March 2019

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 6 March 2019

    Open at official source

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Sponsors

Related records

Sources

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