H.R. 2863 · 111th Congress
Worker-Executive Parity Act of 2009
- Stage
- In committee
- Sponsor
- Lynn Woolsey
- Introduced
- 2009-06-12
- Latest action
- 2009-06-12 · Introduced in House
Summary
Worker-Executive Parity Act of 2009 - Amends the Employee Retirement Income Security Act of 1974 (ERISA), in instances where a single-employer defined benefit pension plan is subject to certain funding-based limits on benefits and benefit accruals under the Pension Protection Act of 2006, to prohibit: (1) the accrual of deferred compensation to a disqualified individual pursuant to a covered deferred executive compensation arrangement during a plan year; and (2) the distribution of accrued deferred compensation to such individual during a plan year when such arrangements are established during or after the one-year period preceding the plan year.