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S. 2741

Keep Estimated Extra Payments Act

Keep Estimated Extra Payments Act

This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to permit the Pension Benefit Guaranty Corporation (PBGC) and the Department of Labor to elect not to recoup overpayments of benefits to participants in multiemployer and single employer pension plans.

(The PBGC is a federal government agency created by ERISA to protect the pensions of participants and beneficiaries covered by private-sector, defined benefit pension plans.)

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Sen. Brown, Sherrod [D-OH](D-OH)Sponsor
1 cosponsor1 R
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  1. IntroReferral

    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    Health, Education, Labor, and Pensions Committee
  2. IntroReferral10000

    Introduced in Senate

Keep Estimated Extra Payments Act — Informed