S. 2904 (107th): Emergency Retiree Health Benefits Protection Act of 2002

Introduced:
Sep 05, 2002 (107th Congress, 2001–2002)
Sponsor:
Sen. Paul Wellstone [D-MN]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on September 5, 2002, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 05, 2002
Referred to Committee Sep 05, 2002
Cosponsors
none
Committees

Senate Health, Education, Labor, and Pensions

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

Full Title

A bill to amend title I of the Employee Retirement Income Security Act of 1974 to provide emergency protection for retiree health benefits.

Summary

No summaries available.

Text

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Last updated Sep 05, 2002.
24 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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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.

9/5/2002--Introduced.
Emergency Retiree Health Benefits Protection Act of 2002 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide emergency protections for retiree health benefits.
Prohibits group health plans from making post-retirement reductions of retiree health benefits.
Requires group health plans to adopt provisions barring post-retirement reductions in retiree health benefits.
Requires group health plans to restore benefits reduced after retirement. Authorizes the Secretary of Labor to waive or vary such requirements, if a plan sponsor applies for such exemption, upon finding that compliance would: (1) be adverse to the interests of plan participants in the aggregate; (2) not be administratively feasible; and (3) cause substantial business hardship to the sponsor.
Establishes the Emergency Retiree Health Loan Guarantee Program and its Board. Authorizes the Program, through its Board, to guarantee loans provided by private banking and investment institutions to eligible plan sponsors to assist them in meeting obligations under this Act to restore benefits reduced after retirement.
Authorizes the Secretary to assess civil penalties for violations of this Act.

House Republican Conference Summary

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House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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