3.0.0 1302 2023-01-11T13:23:54Z 2023-01-11T13:23:54Z Senate S S 2013-07-16 113 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Reported by 2013-10-30T20:32:04Z Markup by 2013-10-30T14:43:58Z Hearings by 2013-07-16T20:55:51Z Referred to 2013-07-16T19:32:30Z Cooperative and Small Employer Charity Pension Flexibility Act 113 4275 HR 2014-04-07 Became Public Law No: 113-97. Related document Senate Related bill CRS Related bill House Charitable Pension Flexibility Act of 2013 113 2134 HR 2013-07-08 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Related bill CRS 2014-03-25 Senate See also H.R. 4275. Floor 2014-01-29 11:04:05 Held at the desk. Floor H15000 2 House floor actions 2014-01-29 09:16:01 Received in the House. Floor H14000 2 House floor actions 2014-01-28 Senate Message on Senate action sent to the House. Floor 2014-01-28 Senate Passed Senate with an amendment by Unanimous Consent. Floor 2014-01-28 Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent. Floor 17000 9 Library of Congress 2014-01-28 Senate The committee substitute as amended agreed to by Unanimous Consent. (text of committee substitute as amended: CR S546-554) Floor 2014-01-28 Senate Measure laid before Senate by unanimous consent. (consideration: CR S545-554) Floor 2013-10-30 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 230. Calendars 2013-10-30 sshr00 Health, Education, Labor, and Pensions Committee Senate Committee on Health, Education, Labor, and Pensions. Reported by Senator Harkin with an amendment in the nature of a substitute. Without written report. Committee 2013-10-30 Committee on Health, Education, Labor, and Pensions. Reported by Senator Harkin with an amendment in the nature of a substitute. Without written report. Committee 14000 9 Library of Congress sshr00 Health, Education, Labor, and Pensions Committee 2013-10-30 sshr00 Health, Education, Labor, and Pensions Committee Senate Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably. Committee 2013-07-16 sshr00 Health, Education, Labor, and Pensions Committee Senate Committee on Health, Education, Labor, and Pensions. Hearings held. Committee 2013-07-16 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2013-07-16 Introduced in Senate IntroReferral 10000 9 Library of Congress H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD N R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2013-07-16 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2013-07-16 True M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2013-07-16 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2013-07-16 True M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2013-07-18 False B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2013-07-23 False M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2013-07-31 False H001049 Sen. Hagan, Kay R. [D-NC] Kay Hagan D NC R. 2013-08-01 False N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM 2013-09-09 False J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2013-09-09 False H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. 2013-09-11 False G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2013-09-17 False I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2013-09-17 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2013-09-18 False B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2013-09-19 False D000607 Sen. Donnelly, Joe [D-IN] Joe Donnelly D IN 2013-09-19 False I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2013-09-19 False E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. 2013-09-23 False C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2013-09-23 False J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2013-09-25 False C000567 Sen. Cochran, Thad [R-MS] Thad Cochran R MS 2013-09-25 False K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2013-09-25 False W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2013-09-26 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2013-09-27 False B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2013-10-11 False W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2013-10-11 False M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2013-10-16 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2013-10-28 False P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2013-10-28 False T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2013-10-28 False F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE 2013-10-28 False U000039 Sen. Udall, Tom [D-NM] TOM UDALL D NM 2013-10-29 False W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2013-10-30 False M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2013-10-30 False G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2013-10-31 False H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND 2013-10-31 False T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2013-10-31 False H001069 Sen. Heitkamp, Heidi [D-ND] Heidi Heitkamp D ND 2013-11-04 False C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2013-11-04 False S001141 Sen. Sessions, Jeff [R-AL] Jeff Sessions R AL 2013-11-06 False B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2013-11-14 False P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2013-11-18 False K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2013-11-20 False C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2013-12-09 False W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2013-12-09 False S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2013-12-09 False U000038 Sen. Udall, Mark [D-CO] MARK UDALL D CO 2013-12-11 False L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2013-12-18 False B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK 2013-12-18 False R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2013-12-19 False H.R.4275 https://www.congress.gov/bill/113th-congress/house-bill/4275 Labor and Employment Congressional oversight Employee benefits and pensions Government studies and investigations Social work, volunteer service, charitable organizations Labor and Employment 00 2013-07-16 Introduced in Senate 2013-09-20T18:46:14Z Cooperative and Small Employer Charity Pension Flexibility Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code, with respect to cooperative and small employer charity pension plans (CSEC plans), to: (1) define such plans as defined benefit plans maintained by multiple employers, all of whom are tax-exempt charitable organizations; (2) exempt CSEC plans from existing funding standards and allow such plans to establish minimum funding standards and special rules with respect to the valuation of plan assets, required contributions, and liquidity requirements; (3) require specified notices to CSEC plan participants on the effect of CSEC plan rules on plan funding and on total contributions made by participating employers; (4) allow pension plan sponsors to elect out of treatment of their plans as a CSEC plan in plan years beginning after December 31, 2013; (4) establish a flat premium level for insurance coverage of CSEC plans; and (5) require the Pension Benefit Guaranty Corporation (PBGC) to make sponsors of existing CSEC plans aware of the changes to ERISA made by this Act and the assistance available through the Participant and Plan Sponsor Advocate established by ERISA.

]]> 01 2013-10-30 Reported to Senate with amendment(s) 2013-12-19T19:25:31Z Cooperative and Small Employer Charity Pension Flexibility Act - (Sec. 2) Declares that: (1) defined benefit pension plans are a cost-effective way for cooperative associations and charities to provide their employees with economic security in retirement, (2) many cooperative associations and charitable organizations are only able to provide their employees with defined benefit pension plans because those organizations are able to pool their resources using the multiple employer plan structure, and (3) the pension funding rules should encourage cooperative associations and charities to continue to provide their employees with pension benefits.

(Sec. 3) Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to define a "cooperative and small employer charity pension plan" (CSEC pension plan), for purposes of this Act, as a defined benefit pension plan: (1) to which certain provisions of the Pension Protection Act of 2006 apply; and (2) that, as of January 1, 2013, was maintained by more than one employer all of whom were tax-exempt charitable organizations.

(Sec. 4) Amends ERISA and the Internal Revenue Code to establish minimum funding standards for CSEC pension plans and special rules for valuation of plan assets.

Permits the Secretary of Labor to extend an amortization of any unfunded liability of a CSEC pension plan for up to 10 years if the Secretary determines that: (1) such extension would carry out the purposes of this Act and would provide adequate protection for plan participants and their beneficiaries, and (2) failure to permit such extension would result in a substantial risk to the voluntary continuation of the plan or a substantial curtailment of pension benefit levels or employee compensation.

Allows a CSEC plan that uses a funding method that requires contributions in all years to maintain an alternative minimum funding standard account for any plan year.

Sets forth rules governing contributions to CSEC plans.  Imposes a lien in favor of a CSEC plan for failure to make required contributions.

(Sec. 5) Requires a notice to participants in a CSEC plan to include: (1) a statement that different rules apply to CSEC plans than apply to single-employer plans; and (2) for the first 2 years beginning after December 31, 2013, a statement that, as a result of changes made by this Act, the contributions to the plan may have changed. Authorizes the Secretary to modify the model notice required by the Pension Protection Act of 2006 to include such statements.

Defines "applicable plan year," for purposes of this Act, as any plan year beginning after December 31, 2013, for which: (1) the plan has a funding shortfall greater than $1 million, and (2) the plan had 50 or more participants on any day during the preceding plan year.

Requires annual reports for CSEC plans to include a list of participating employers and a good faith estimate of the percentage of total contributions made by such employers during the plan year.

(Sec. 6) Amends ERISA and the Internal Revenue Code to allow a CSEC plan sponsor to elect not to treat such plan as a CSEC plan in plan years beginning after 2013.

Amends the Pension Protection Act of 2006 to allow a pension plan sponsor an election to cease treating a plan as an eligible charity plan for plan years beginning after 2013.

(Sec. 7) Requires the Participant and Plan Sponsor Advocate established under ERISA to make itself available to assist CSEC plan sponsors and participants as part of its duties performed under the general supervision of the Board of Directors of the Pension Benefit Guaranty Corporation (PBGC).

(Sec. 8) Makes the provisions of this Act applicable to years beginning after December 31, 2013.

]]> 35 2014-01-28 Passed Senate amended 2014-03-25T19:37:27Z Cooperative and Small Employer Charity Pension Flexibility Act - (Sec. 2) Declares that: (1) defined benefit pension plans are a cost-effective way for cooperative associations and charities to provide their employees with economic security in retirement, (2) many cooperative associations and charitable organizations are only able to provide their employees with defined benefit pension plans because those organizations are able to pool their resources using the multiple employer plan structure, and (3) the pension funding rules should encourage cooperative associations and charities to continue to provide their employees with pension benefits.

(Sec. 3) Makes this Act generally applicable to years beginning after December 31, 2013.

)Title I: Amendments to Employee Retirement Income Security Act of 1974 and Other Provisions - (Sec. 101) Amends the Employee Retirement Income Security Act of 1974 (ERISA) to define a "cooperative and small employer charity pension plan" (CSEC pension plan), for purposes of this Act, as an employee pension benefit plan that is a defined benefit pension plan: (1) to which certain provisions of the Pension Protection Act of 2006 apply; or (2) that, as of June 25, 2010, was maintained by more than one employer all of whom were tax-exempt charitable organizations.

(Sec. 102 Amends ERISA to establish minimum funding standards for CSEC pension plans and special rules for valuation of plan assets.

Permits the Secretary of the Treasury to extend an amortization of any unfunded liability of a CSEC pension plan for up to 10 years if the Secretary determines that: (1) such extension would carry out the purposes of this Act and would provide adequate protection for plan participants and their beneficiaries, and (2) failure to permit such extension would result in a substantial risk to the voluntary continuation of the plan or a substantial curtailment of pension benefit levels or employee compensation.

Allows a CSEC plan that uses a funding method that requires contributions in all years to maintain an alternative minimum funding standard account for any plan year.

Sets forth rules governing CSEC plan liquidity and contributions to CSEC plans. Imposes a lien in favor of a CSEC plan for failure to make required contributions.

Authorizes the Secretary to prescribe mortality tables to determine current liability of CSEC plans.

Requires a CSEC plan sponsor to establish a written funding restoration plan within 180 days after receipt of a certification from the plan actuary that the plan is in funding restoration status for a plan year.

(Sec. 103) Amends ERISA to allow a CSEC plan sponsor to elect not to treat such plan as a CSEC plan in plan years beginning after 2013.

Amends the Pension Protection Act of 2006 to allow a pension plan sponsor an election to cease treating a plan as an eligible charity plan for plan years beginning after 2013.

(Sec. 104) Requires a notice to participants in a CSEC plan to include: (1) a statement that different rules apply to CSEC plans than apply to single-employer plans; (2) for the first 2 years beginning after December 31, 2013, a statement that, as a result of changes made by this Act, the contributions to the plan may have changed; and (3) a statement that a CSEC plan is in funding restoration. Authorizes the Secretary to modify the model notice required by the Pension Protection Act of 2006 to include such statements. Requires the annual report for employee benefit plans required by ERISA to include a list of participating employers and a good faith estimate of the percentage of total contributions made by such employers during the plan year.

(Sec. 105) Requires the Participant and Plan Sponsor Advocate established by ERISA to make itself available to assist CSEC plan sponsors and participants.

Title II: Amendments to Internal Revenue Code of 1986 - Amends the Internal Revenue Code, with respect to CSEC plans, to set forth rules for such plans similar to those rules added to ERISA in title I of this Act.

]]> Cooperative and Small Employer Charity Pension Flexibility Act Display Title Cooperative and Small Employer Charity Pension Flexibility 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 provide for cooperative and small employer charity pension plans. Introduced in Senate IS Short Titles as Introduced Cooperative and Small Employer Charity Pension Flexibility Act Short Titles as Reported to Senate Cooperative and Small Employer Charity Pension Flexibility Act S Senate Short Titles as Passed Senate Cooperative and Small Employer Charity Pension Flexibility Act S Senate 2701 113 SAMDT In the nature of a substitute. 2022-02-03T05:46:27Z 2014-01-28 Amendment SA 2701 agreed to in Senate by Unanimous Consent. SA 2701 https://www.congress.gov/amendment/113th-congress/senate-amendment/2701 H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 3 3 R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2014-01-28 True B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN 2014-01-28 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2014-01-28 True 2014-01-28T05:00:00Z 2014-01-28T05:00:00Z Senate 113 S Senate S 1302 Cooperative and Small Employer Charity Pension Flexibility Act 2023-01-11T13:23:54Z 6 2014-01-28 0 Senate Amendment SA 2701 agreed to in Senate by Unanimous Consent. Floor 2014-01-28 0 Senate Amendment SA 2701 proposed by Senator Reid for Senator Harkin. (consideration: CR S554) In the nature of a substitute. Floor 2014-01-28 Senate amendment proposed (on the floor): Amendment SA 2701 proposed by Senator Reid for Senator Harkin.(consideration: CR S554) Floor 93000 9 Library of Congress 2014-01-28 Senate amendment agreed to: Amendment SA 2701 agreed to in Senate by Unanimous Consent. Floor 94000 9 Library of Congress 2014-01-28 Senate amendment submitted Floor 91000 9 Library of Congress Engrossed in Senate 2014-01-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1302es/xml/BILLS-113s1302es.xml Reported to Senate 2013-10-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1302rs/xml/BILLS-113s1302rs.xml Introduced in Senate 2013-07-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1302is/xml/BILLS-113s1302is.xml 2014-03-25 See also H.R. 4275. 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.