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Miners Pension Protection Act

USA116th CongressS-671| Senate 
| Updated: 3/6/2019
Shelley Moore Capito

Shelley Moore Capito

Republican Senator

West Virginia

Cosponsors (1)
Rob Portman (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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).
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Timeline
Mar 6, 2019
Introduced in Senate
Mar 6, 2019
Read twice and referred to the Committee on Finance.
Oct 23, 2019

Latest Companion Bill Action

HR 116-935
Committee Consideration and Mark-up Session Held.
  • March 6, 2019
    Introduced in Senate


  • March 6, 2019
    Read twice and referred to the Committee on Finance.


  • October 23, 2019

    Latest Companion Bill Action

    HR 116-935
    Committee Consideration and Mark-up Session Held.

Labor and Employment

Related Bills

  • S 116-27: American Miners Act of 2019
  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • HR 116-935: Miners Pension Protection Act
  • S 116-2788: Bipartisan American Miners Act of 2019
CoalEmployee benefits and pensionsGovernment information and archivesMining

Miners Pension Protection Act

USA116th CongressS-671| Senate 
| Updated: 3/6/2019
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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 6, 2019
Introduced in Senate
Mar 6, 2019
Read twice and referred to the Committee on Finance.
Oct 23, 2019

Latest Companion Bill Action

HR 116-935
Committee Consideration and Mark-up Session Held.
  • March 6, 2019
    Introduced in Senate


  • March 6, 2019
    Read twice and referred to the Committee on Finance.


  • October 23, 2019

    Latest Companion Bill Action

    HR 116-935
    Committee Consideration and Mark-up Session Held.
Shelley Moore Capito

Shelley Moore Capito

Republican Senator

West Virginia

Cosponsors (1)
Rob Portman (Republican)

Finance Committee

Labor and Employment

Related Bills

  • S 116-27: American Miners Act of 2019
  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • HR 116-935: Miners Pension Protection Act
  • S 116-2788: Bipartisan American Miners Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CoalEmployee benefits and pensionsGovernment information and archivesMining