Summary: S.1708 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for S.1708. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (10/07/1999)

Pension Reduction Disclosure Act of 1999 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to set forth notice requirements for pension plans which significantly reduce future benefit accruals.

Requires additional information to be provided in such notice by large pension plans with 100 or more active participants.

Imposes an excise tax upon failure of pension plans to provide such notice.