S.878 - A bill to amend the Internal Revenue Code of 1986 to reduce mandatory premiums to the United Mine Workers of America Combined Benefit Fund by certain surplus amounts in the Fund, and for other purposes.104th Congress (1995-1996)
|Sponsor:||Sen. Cochran, Thad [R-MS] (Introduced 05/26/1995)|
|Committees:||Senate - Finance|
|Latest Action:||07/20/1995 Sponsor introductory remarks on measure. (CR S10336-10338) (All Actions)|
This bill has the status Introduced
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Summary: S.878 — 104th Congress (1995-1996)All Bill Information (Except Text)
Introduced in Senate (05/26/1995)
Amends the Internal Revenue Code, with respect to the United Mine Workers of America Benefit Fund, to provide: (1) a means for transferring surpluses between the Fund's accounts to reduce shortfalls in the entire Fund; and (2) a formula to reduce or increase operator's premiums according to the Fund's aggregated surplus or shortfall, respectively.
Sets the amount of the per beneficiary health benefit premium.
Directs the Trustees of the combined Fund to disclose to contributors, upon written request, all documents showing its financial and operational status and all documents prepared at trustee or staff request that form the basis for the Fund's actions or reports.