Summary: H.R.4955 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.4955. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/15/2016)

Pension and Budget Integrity Act of 2016

This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to exclude the receipts and disbursements of the Pension Benefit Guaranty Corporation (PBGC) from the federal budget.

(The PBGC is a federal agency that insures the benefits of private sector, defined benefit pension plans. The PBGC receives no federal funds and is financed by insurance premiums paid by sponsors of the plans, investment income, assets from pension plans taken over by the PBGC, and recoveries from the companies formerly responsible for the plans.)