3.0.0 2894 2023-01-11T13:33:06Z 2023-01-11T13:33:06Z Senate S 2016-04-28 114 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2016-04-28T21:53:40Z 2016-04-28 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2016-04-28 Introduced in Senate IntroReferral 10000 9 Library of Congress S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2016-04-28 True P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2016-04-28 True M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2016-04-28 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2016-04-28 True B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2016-05-25 False Labor and Employment Employee benefits and pensions Public participation and lobbying Sales and excise taxes Wages and earnings Labor and Employment 00 2016-04-28 Introduced in Senate 2016-08-18T20:46:53Z Pension Fund Integrity Act of 2016

This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to require salary reductions for certain employees of systemically important multiemployer pension plans that are in critical or declining status and that reduce participant benefits.

When a benefit suspension is in effect, any compensation paid to employees of a plan that exceeds the amounts specified in this bill is a prohibited transaction that is subject to a tax to be paid by the plan sponsor.

If a plan is in endangered, critical, or critical and declining status, payments for lobbying and political expenses for any person other than an employee of the plan are prohibited transactions and subject to a tax to be paid by the plan sponsor.

]]> Pension Fund Integrity Act of 2016 Display Title Pension Fund Integrity Act of 2016 Official Title as Introduced A bill to amend the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 to provide for salary reductions for certain employees of a pension plan in critical or declining status that reduces participant benefits, and for other purposes. Introduced in Senate IS Short Titles as Introduced Pension Fund Integrity Act of 2016 Introduced in Senate 2016-04-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2894is/xml/BILLS-114s2894is.xml 2016-04-28 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. 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.