Susan Muffley Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 7, 2022)
Susan Muffley Act of 2022
This bill restores the full vested monthly benefits for eligible participants of certain pension plans that were sponsored by Delphi Corporation and terminated as a result of General Motors' bankruptcy in 2009.
The Pension Benefit Guaranty Corporation (PBGC) must recalculate and adjust each plan participant's monthly benefits payment. The PBGC must also apply the recalculation to previously-made monthly payments and make a lump-sum payment for any additional benefits based on the recalculation.
The bill establishes and provides appropriations to a fund for the payment of these benefits and specifies how the lump-sum payments are treated for tax purposes.
What just happenedMar 7, 2022
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateMar 7, 2022
- Mar 7, 2022IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Mar 7, 2022IntroReferral10000
Introduced in Senate