3.0.0 2282 2023-01-15T04:48:33Z 2023-01-15T04:48:33Z Senate S S 2004-04-05 108 ssfi00 Finance Committee Senate Standing Referred to 2004-04-05T19:34:45Z 2004-04-05 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2004-04-05 Introduced in Senate IntroReferral 10000 9 Library of Congress K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE N B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN 2004-04-05 True D000064 Sen. Daschle, Thomas A. [D-SD] THOMAS DASCHLE D SD ANDREW 2004-04-05 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2004-12-07 False Labor and Employment Accounting Agriculture and Food Airline employees Airlines Annuities Antitrust law Bankruptcy Bonds Casualty insurance Civil actions and liability Civil service retirement Commerce Corporate finance Defined benefit pension plans Depreciation and amortization Dividends Education Evidence (Law) Excise tax Finance and Financial Sector Financial statements Fines (Penalties) Government Operations and Politics Government corporations Government paperwork Government securities Health Higher education Horticulture Income tax Industrial arbitration Insurance companies Interest Interest rates Iron and steel industry Labor unions Law Liability (Law) Life insurance Losses Medical education Medical residents Pension Benefit Guaranty Corporation Pension funds Pension trust guaranty insurance Property insurance Retiree health benefits Small business Subsidiary corporations Tax deductions Tax exemption Tax penalties Tax-exempt organizations Taxation Transportation and Public Works Valuation Labor and Employment 00 2004-04-05 Introduced in Senate 2004-08-04T16:37:41Z Fairness in Pension Stability Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (Code) to temporarily replace (for plan years 2004 and 2005) the 30-year Treasury rate with a rate based on long-term corporate bonds for certain pension plan funding requirements.

Sets forth ERISA and Code provisions for: (1) election by certain plans of an alternative deficit reduction contribution; (2) multiemployer defined benefit plan funding notices; (3) an amortization hiatus for net experience losses in multiemployer plans; (3) procedures applicable to disputes involving pension plan withdrawal liability; and (4) an extension of transfers of excess pension assets to retiree health accounts.

Revises Code provisions relating to a tax exemption for small property and casualty insurance companies. Repeals Code provisions relating to reductions of certain tax deductions for mutual life insurance companies.

Amends the Retirement Protection Act of 1994 to set forth special transition rules relating to pension funding requirements under ERISA and the Code.

Confirms the antitrust status of graduate medical resident matching programs.

]]> Fairness in Pension Stability Act Display Title Fairness in Pension Stability Act Official Title as Introduced A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to temporarily replace the 30-year Treasury rate with a rate based on long-term corporate bonds for certain pension plan funding requirements and other provisions, and for other purposes. Introduced in Senate IS Short Titles as Introduced Fairness in Pension Stability Act Introduced in Senate 2004-04-05T04:00:00Z 2004-04-05 Read twice and referred to the Committee on Finance. 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.