Text: S.3922 — 109th Congress (2005-2006)All Information (Except Text)

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Introduced in Senate (09/21/2006)

 
[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 3922 Introduced in Senate (IS)]








109th CONGRESS
  2d Session
                                S. 3922

   To clarify the status of the Young Women's Christian Association 
  Retirement Fund as a defined contribution plan for certain purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 21, 2006

Ms. Murkowski (for herself, Ms. Stabenow, and Mr. Akaka) introduced the 
 following bill; which was read twice and referred to the Committee on 
                 Health, Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
   To clarify the status of the Young Women's Christian Association 
  Retirement Fund as a defined contribution plan for certain purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``YWCA Retirement Plan Preservation 
Act of 2006''.

SEC. 2. CLARIFICATION OF AGE DISCRIMINATION RULES.

    (a) In General.--A pension plan described in subsection (b) shall 
be treated as a defined contribution plan for purposes of sections 
204(b)(1)(H) and 204(b)(2) of the Employee Retirement Income Security 
Act of 1974 (29 U.S.C. 1054(b)(1)(H) and 1054(b)(2)) and section 
4(i)(1) of the Age Discrimination in Employment Act of 1967 (29 U.S.C. 
623(i)(1)).
    (b) Pension Plan Described.--A pension plan described in this 
subsection is the plan subject to title IV of the Employee Retirement 
Income Security Act of 1974 maintained by the Young Women's Christian 
Association Retirement Fund, a corporation created by an Act of the 
State of New York which became law on April 12, 1924.
    (c) Effective Date.--Subsection (a) shall apply in the case of any 
civil action brought on or after September 21, 2006, alleging a 
violation occurring before June 29, 2005, of section 204(b)(1)(H) of 
the Employee Retirement Income Security Act of 1974 (29 U.S.C. 
1054(b)(1)(H)), section 4(i)(1) of the Age Discrimination in Employment 
Act of 1967 (29 U.S.C. 623(i)(1)), or both, with respect to the plan 
described in subsection (b).
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