U.S. Congress - S.1725 Restoring Pension Promises to Workers Act
S.1725 - Restoring Pension Promises to Workers Act
A bill to amend the Employee Retirement Income Security Act of 1974, the Internal Revenue Code of 1986, and title 5, United States Code, to improve the protection of pension benefits, and for other purposes. view all titles (2)
All Bill Titles
- Short: Restoring Pension Promises to Workers Act as introduced.
- Official: A bill to amend the Employee Retirement Income Security Act of 1974, the Internal Revenue Code of 1986, and title 5, United States Code, to improve the protection of pension benefits, and for other purposes. as introduced.
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Official Summary
6/28/2007--Introduced.Restoring Pension Promises to Workers Act - Amends the Internal Revenue Code to require the inclusion in gross income of all income previously deferred under a nonqualified deferred compensation plan if an employer maintaining such a plan fails to meet certain particiOfficial Summary
6/28/2007--Introduced.Restoring Pension Promises to Workers Act - Amends the Internal Revenue Code to require the inclusion in gross income of all income previously deferred under a nonqualified deferred compensation plan if an employer maintaining such a plan fails to meet certain participation, vesting, and minimum benefit requirements. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to:
(1) deny ERISA pension plan administrators the right to recover overpayments made to plan participants and beneficiaries in cases of hardship or insignificant amounts;
(2) impose a three-year limitation period for bringing any action to recover an overpayment;
(3) prohibit the elimination of accrued pension plan benefits during corporate mergers and acquisitions; and
(4) establish in the Department of Labor an Office of Pension Participant Advocacy to protect pension plan participants.
Amends federal employee personnel provisions to:
(1) entitle former spouses of federal employees who die before establishing a valid claim for an annuity to 55% of such deferred annuity or a lump-sum payment;
(2) permit divorced spouses of federal employees to collect court-awarded retirement benefits when such employees are first eligible to retire (currently, only available at the time the employee actually retires);
(3) entitle certain former spouses of retired federal employees divorced prior to September 14, 1978, to a survivor annuity; and
(4) give priority to a surviving spouse of a federal employee in the distribution of balances in a Thrift Savings account, unless such spouse consents to the designation of another beneficiary.
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Recent News Coverage
Harkin introduces legislation to ensure retirement security for US ...
The Restoring Pension Promises to Workers Act of 2007 (S.1725) would restore basic fairness to America's pension system by forcing corporations that provide ...
Recent Blog Coverage
S.1725: Retroactive Immunity Repeal Act - U.S. Congress - OpenCongress
A bill to amend the Foreign Intelligence Surveillance Act of 1978 to remove retroactive immunity protection for electronic communications service providers that participated in the Terrorist Surveillance Program and for ...
Alliance for Worker Freedom
Last Action: S. 1725 referred to Senate subcommittee (6/28/2007). H.R. 2320 / S. 1107 â A Bill to Amend the National Labor Relations Act and the Railway Labor Act to Prevent Discrimination Based on Participation in Labor Disputes ...
Das Bundesverfassungsgericht
November 1973 (BGBl I S. 1725) wurde die Vorschrift des § 173 StGB umfassend überarbeitet und unter dem Titel âBeischlaf zwischen Verwandtenâ den Straftaten gegen den Personenstand, die Ehe und die Familie zugeordnet. ...
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