S.1550 - Pension Stability Act108th Congress (2003-2004)
|Sponsor:||Sen. Gregg, Judd [R-NH] (Introduced 07/31/2003)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 07/31/2003 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Summary: S.1550 — 108th Congress (2003-2004)All Information (Except Text)
Introduced in Senate (07/31/2003)
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.