Summary: S.1550 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for S.1550. Bill summaries are authored by CRS.

Shown Here:
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.