s 44985 1183003200 false 1183003200 1725 480 110 300051

6/28/2007--Introduced.<br/>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.<br/>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.<br/>

1183003200 2007-06-28 Fri Nov 07 15:59:29 -0600 2008 introduced 44985 'act':6 'promis':3 'restor':1 'worker':5 'pension':2 51239 short introduced 44985 '5':21 'act':10 '1974':12 '1986':18 'bill':2 'code':16,24 'titl':20 'unit':22 'amend':4 'incom':8 'retir':7 'secur':9 'state':23 'improv':26 'intern':14 'purpos':35 'revenu':15 'benefit':31 'employe':6 'pension':30 'protect':28 48108 official introduced 44985 1183003200 Thu Jun 28 00:00:00 -0500 2007 120587 H000206 1939-11-19 731 Hart Senate Office Building http://harkin.senate.gov/c/index.cfm 202-224-9369 Thomas 'd':4 'ia':5 'sen':1 'tom':8 'thoma':2,6,9 'harkin':3,7,10 M 300051 Harkin Tom_Harkin Sen. Thomas Harkin [D, IA] Tom N00004207 9309 Democrat 202-224-3254 Roman Catholic IA Tom Thomas Harkin 3.22222222222222 http://harkin.senate.gov/ SenatorTomHarkin S000033 1941-09-08 332 Dirksen Senate Office Building http://sanders.senate.gov/comments/ 202-228-0776 Bernard 'vt':5 'sen':1 'berni':8 'sander':3,7,10 'bernard':2,6,9 M 400357 Sanders Bernard_Sanders Sen. Bernard Sanders [I, VT] Bernie N00000528 9408 Independent 202-224-5141 Jewish VT Bernie Bernard Sanders 6.6 http://sanders.senate.gov/ SenatorSanders introduced 44985 1183003200 Thu Jun 28 00:00:00 -0500 2007 120587 action 44985 1183003200 Thu Jun 28 00:00:00 -0500 2007 120588 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.