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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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)
Introduced in Senate
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)
Labor and Employment
Accounting and auditingAdministrative remediesCivil actions and liabilityCorporate finance and managementCrimes against propertyDisability and paralysisEmployee benefits and pensionsFinancial services and investmentsGovernment corporations and government-sponsored enterprisesInterest, dividends, interest ratesPension Benefit Guaranty Corporation
Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020
USA116th CongressS-5045| Senate
| Updated: 12/17/2020
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.
Accounting and auditingAdministrative remediesCivil actions and liabilityCorporate finance and managementCrimes against propertyDisability and paralysisEmployee benefits and pensionsFinancial services and investmentsGovernment corporations and government-sponsored enterprisesInterest, dividends, interest ratesPension Benefit Guaranty Corporation