Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Dec 17, 2020)
Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020
This bill makes various changes with respect to the administration of multiemployer pension plans. Among other provisions, the bill allows qualified plans to apply for special partition assistance from the Pension Benefit Guaranty Corporation, revises the criteria for plans that are in endangered or critical status, and establishes rules for new composite plans that have certain attributes of both defined benefit and defined contribution plans.
What just happenedDec 17, 2020
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)
Who’s behind it
- Introduced in SenateDec 17, 2020
- Dec 17, 2020IntroReferral
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)
Finance Committee - Dec 17, 2020IntroReferral10000
Introduced in Senate