S. 1550 · 108th Congress
Pension Stability Act
- Stage
- In committee
- Sponsor
- Judd Gregg
- Introduced
- 2003-07-31
- Latest action
- 2003-07-31 · Introduced in Senate
Summary
Pension Stability Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to replace the 30-year Treasury rate with a rate based on conservatively invested long-term corporate bonds for certain pension plan funding requirements. Sets forth rules for phasing in such new interest rate.
Establishes the Commission on Defined Benefit Pension Plans.