H.R. 1287 (106th): To amend the Internal Revenue Code of 1986 to grant relief to participants in multiemployer plans from certain section 415 limits on retirement plans.

Introduced:
Mar 25, 1999 (106th Congress, 1999–2000)
Sponsor:
Rep. Gerald “Jerry” Weller [R-IL11]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 1603 (107th) on Apr 26, 2001.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on March 25, 1999, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 25, 1999
Cosponsors
23 cosponsors (21R, 2D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Mar 25, 1999.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/25/1999--Introduced.
Amends the Internal Revenue Code with respect to limitations on benefits and contributions under qualified plans to apply to multiemployer plans the same treatment in the adjustment to the $90,000 limit on benefits, where the benefit begins before the social security retirement age, as is accorded to plans maintained by governments and tax-exempt organizations. Exempts multiemployer plans from the alternative benefit limit of 100 percent of the participant's average compensation for his or her high three years. States that multiemployer plans shall not be combined or aggregated with other plans for limitation purposes.

House Republican Conference Summary

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