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5/22/2008--Introduced.<br/>Pension Protection Act ERISA Amendments of 2008 - Makes technical corrections to the Pension Protection Act of 2006 and the Employee Retirement Income Security Act (ERISA) of 1974. Repeals certain requirements governing the termination date of a defined benefit pension plan of an employee in cases of an employer filing for bankruptcy. Requires the Pension Benefit Guaranty Corporation (PBGC), with regard to single-employer plan guaranteed benefits in the case of commercial airline pilots required by Federal Aviation Administration (FAA) regulation to retire before age 65, to compute the actuarial value of monthly benefits in the form of a life annuity commencing at the required retirement age. Revises requirements to: (1) limit the amount a fiduciary may recover in actions against third parties (Pro-Rata Recovery) to enforce the terms of defined benefit plans on behalf of plan participants or beneficiaries; (2) prohibit the post-retirement reduction of retiree health benefits by group health plans; and (3) establish the Emergency Retiree Health Loan Guarantee Program. Modifies requirements with respect to: (1) crediting and termination of surcharges in connection with multiemployer pension plans in critical status upon adoption of rehabilitation plan; and (2) funding rules for multiemployer pension plans. Requires certain adjustments to determinations of the value of single-employer pension plan assets that are based on the averaging of fair market values (asset smoothing). Prohibits certain payments of benefits from single-employer pension plans that have an adjusted funding target attainment percentage of less than 80% for the year. Applies certain age discrimination safe harbor rules under ERISA and the Age Discrimination in Employment Act of 1967 to civil actions brought on or after April 25, 2007, alleging any age discrimination violation occurring before June 29, 2005, with respect to any benefit provided under the Young Women's Christian Association Pension Plan. Exempts transactions involving the sale of employer securities held in a pension plan account from certain fiduciary requirements under specified conditions. Revises requirements with respect to: (1) special funding rules for at-risk pension plans for employees offered early retirement in 2007; and (2) pension plan funding target determinations. Treats employees of certain cooperatives as affiliated service group employees for purposes of single employer pension plans. Revises requirements regarding: (1) parties in interest affected by the prohibited transaction exemption for block trading; and (2) the scope of the prohibited transaction exemption for electronic communication. Increases bonding requirements for fiduciaries of pension plans primarily invested in employer securities.

1211515200 2008-05-23 Fri Nov 07 06:40:07 -0600 2008 introduced 50796 'act':3 '2008':7 'amend':5 'erisa':4 'pension':1 'protect':2 60720 false short introduced 50796 'act':9,19 '1974':21 '2006':11 'make':2 'incom':17 'relat':12 'retir':16 'secur':18 'purpos':25 'correct':4 'employe':15 'pension':7 'protect':8 'technic':3 60112 false official action 50796 1211515200 Fri May 23 00:00:00 -0500 2008 160607 Sponsor introductory remarks on measure. (CR E1097-1098) A000210 1957-08-04 2439 Rayburn House Building http://www.house.gov/andrews/contact_form_za.shtml 1 Robert 'd':4 '-1':6 'nj':5 'rep':1 'rob':9 'andrew':3,8,11 'robert':2,7,10 M 400008 Andrews Robert_E._Andrews E. Rep. Robert Andrews [D, NJ-1] Rob N00000826 8257 Democrat 202-225-6501 Episcopalian NJ Rob Robert Andrews 1.82352941176471 http://www.house.gov/andrews/ A000357 1945-04-16 Thomas 'tom':5 'allen':2,4,7 'thoma':1,3,6 M 400007 Allen Thomas_H._Allen H. Thomas Allen Tom N00000469 5875 Democrat Protestant Thomas Allen B001242 1950-06-01 225 Cannon House Office Building http://timbishop.house.gov/?sectionid=96&sectiontree=7,96 1 202-225-3143 Timothy 'd':4 '-1':6 'ny':5 'rep':1 'bishop':3,8,10 'timothi':2,7,9 M 400031 Bishop Timothy_H._Bishop H. Rep. Timothy Bishop [D, NY-1] N00025413 7077 Democrat 202-225-3826 Roman Catholic NY Timothy Bishop 1.0 http://www.house.gov/timbishop/ F000339 1940-03-31 2252 Rayburn House Office Building http://www.house.gov/writerep 4 202-225-0182 Barney 'd':4 '-4':6 'ma':5 'rep':1 'frank':3,8,10 'barney':2,7,9 M 400140 Frank Barney_Frank Rep. Barney Frank [D, MA-4] N00000275 17404 Democrat 202-225-5931 Jewish MA Barney Frank 2.64285714285714 http://www.house.gov/frank/ H001042 1229 Longworth House Office Building http://hirono.house.gov/IMA/issue_subscribe.htm 2 202-225-4987 Mazie 'd':4 '-2':6 'hi':5 'rep':1 'mazi':2,7,9 'hirono':3,8,10 F 412200 Hirono Mazie_Hirono K. Rep. Mazie Hirono [D, HI-2] N00028139 6202 Democrat 202 225-4906 HI Mazie Hirono http://hirono.house.gov/ M000725 1945-05-17 2205 Rayburn House Office Building http://georgemiller.house.gov/contactus/2007/08/post_1.html 7 202-225-5609 George 'd':4 '-7':6 'ca':5 'rep':1 'georg':2,7,9 'miller':3,8,10 M 400278 Miller George_Miller Rep. George Miller [D, CA-7] N00007390 9729 Democrat 202-225-2095 Catholic CA George Miller 1.66666666666667 http://georgemiller.house.gov/ RepGeorgeMiller T000266 1951-09-18 2238 Rayburn House Office Building http://www.house.gov/tierney/IMA/email.shtml 6 202-225-5915 John 'd':4 '-6':6 'ma':5 'rep':1 'john':2,7,9 'tierney':3,8,10 M 400407 Tierney John_F._Tierney F. Rep. John Tierney [D, MA-6] N00000226 6110 Democrat 202-225-8020 MA John Tierney 2.14285714285714 http://tierney.house.gov/ W000793 1955-04-08 2338 Rayburn House Office Building http://www.house.gov/wu/email.shtml 1 202-225-9497 David 'd':4 '-1':6 'wu':3,8,10 'rep':1 'david':2,7,9 M 400437 Wu David_Wu Rep. David Wu [D, OR-1] N00009824 6909 Democrat 202-225-0855 OR David Wu 4.28571428571429 http://www.house.gov/wu/ action 50796 1211515200 Fri May 23 00:00:00 -0500 2008 160607 Sponsor introductory remarks on measure. (CR E1097-1098) introduced 50796 1211428800 Thu May 22 00:00:00 -0500 2008 157945 action 50796 1211428800 Thu May 22 00:00:00 -0500 2008 157946 Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. action 50796 1211428800 Thu May 22 00:00:00 -0500 2008 157947 Referred to House Education and Labor action 50796 1211428800 Thu May 22 00:00:00 -0500 2008 157948 Referred to House Ways and Means