H.R. 3623 · 108th Congress
To amend the Employee Retirement Income Security Act of 1974 to increase the maximum levels of guaranteed single-employer plan benefits, and for other purposes.
- Stage
- In committee
- Sponsor
- James Oberstar
- Introduced
- 2003-11-21
- Latest action
- 2004-01-30 · Referred to the Subcommittee on Employer-Employee Relations.
Summary
Amends the Employee Retirement Income Security Act of 1974 (ERISA) to revise requirements for single-employer plans to: (1) increase the maximum level of guaranteed benefits; (2) require that certain supplemental benefits not be treated as non-basic benefits; and (3) index maximum guaranteed benefits under plans or amendments not in effect for 60 months.