3.0.0 1610 2023-01-15T07:02:59Z 2023-01-15T07:02:59Z Senate S S 2003-09-11 108 ssfi00 Finance Committee Senate Standing Referred to 2003-09-11T21:51:03Z 2003-09-11 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S11418-11419) IntroReferral 2003-09-11 Introduced in Senate IntroReferral 10000 9 Library of Congress B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN N K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2003-09-11 True Labor and Employment Annuities Blue collar workers Commerce Defined benefit pension plans Depreciation and amortization Employee rights Financial crises Financial services Financial statements Income tax Investments Losses Mortality Tax deductions Taxation Valuation White collar workers Labor and Employment 00 2003-09-11 Introduced in Senate 2003-10-22T18:35:19Z Defined Benefit Pension Reform Plan of 2003 - Amends the Internal Revenue Code (the Code) and the Employee Retirement Income Security Act of 1974 (ERISA) concerning minimum funding standards for pension plans to: (1) permit a multiemployer plan to elect to use an emergency investment loss method (as defined), starting in the first plan year in which there is an emergency investment loss; and (2) establish separate mortality tables for blue-collar and white-collar workers which may be used in lieu of the current table.

Amends the Code to modify the full-funding limitation for purposes of the deduction limits on employer pension contributions.

Amends ERISA to require notification of participants and beneficiaries of plan terminations by the Pension Benefit Guaranty Corporation.

]]> Defined Benefit Pension Plan Reform Act of 2003 Display Title Defined Benefit Pension Plan Reform Act of 2003 Official Title as Introduced A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to ensure the adequate funding of pension plans, and for other purposes. Introduced in Senate IS Short Titles as Introduced Defined Benefit Pension Plan Reform Act of 2003 Introduced in Senate 2003-09-11T04:00:00Z 2003-09-11 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S11418-11419) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.