H.R.2109 - Public Pension Simplification Act of 1993103rd Congress (1993-1994)
|Sponsor:||Rep. Rush, Bobby L. [D-IL-1] (Introduced 05/12/1993)|
|Committees:||House - Ways and Means|
|Latest Action:||05/12/1993 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2109 — 103rd Congress (1993-1994)All Bill Information (Except Text)
Introduced in House (05/12/1993)
Public Pension Simplification Act of 1993 - Amends the Internal Revenue Code to allow deferred compensation to be included in governmental retirement plans.
Removes the special rule for governmental plans which limits benefits to 100 percent of the average compensation for the highest three years.
Removes excess benefit arrangements and survivor and disability benefits from limitations on governmental plans.
Provides a mechanism to pay benefits above limitations to certain employees.