3.0.0 1063 2023-01-11T13:19:01Z 2023-01-11T13:19:01Z Senate S S 2009-05-18 111 ssfi00 Finance Committee Senate Standing Referred to 2009-05-18T20:48:01Z To authorize the Secretary of Energy to pay affected participants under a pension plan referred to in the USEC Privatization Act for benefit increases not received. 111 4082 HR 2009-11-17 Referred to the Subcommittee on Energy and Environment. Related bill CRS 2009-05-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2009-05-18 Introduced in Senate IntroReferral 10000 9 Library of Congress B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH N Labor and Employment Administrative remedies Employee benefits and pensions Income tax exclusion Judicial review and appeals Kentucky Nuclear power Ohio Labor and Employment 00 2009-05-18 Introduced in Senate 2009-06-22T19:50:46Z USEC Privatization Amendments Act of 2009 - Directs the Secretary of Energy to establish a program for paying certain affected participants a one-time lump sum payment.

Defines affected participants as persons who retired from active employment at one of the gaseous diffusion plants of the United States Enrichment Corporation (USEC), or are employed by USEC's operating contractor, on or before its privatization date as vested participants in a pension plan maintained either by USEC's operating contractor or by a contractor employed prior to July 1, 1993, by the Department of Energy to operate a gaseous diffusion plant.

Prescribes a formula for the determination of such payments, based on the total recoverable amount of accrued pension benefits.

Authorizes any affected participant who receives such a payment to make one or more rollover contributions up to the payment amount to a regular (non-Roth) individual retirement account (IRA), which shall be excluded from gross income for tax purposes under the Internal Revenue Code. Includes in gross income any such rollover into a Roth IRA.

]]> USEC Privatization Amendments Act of 2009 Display Title USEC Privatization Amendments Act of 2009 Official Title as Introduced A bill to amend the USEC Privatization Act to authorize the Secretary of Energy to pay affected participants under a pension plan referred to in the USEC Privatization Act for benefit increases not received. Introduced in Senate IS Short Titles as Introduced USEC Privatization Amendments Act of 2009 Introduced in Senate 2009-05-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1063is/xml/BILLS-111s1063is.xml 2009-05-18 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.