H.R. 5754 (110th): Employees’ Pension Security Act of 2008

Apr 09, 2008 (110th Congress, 2007–2009)
Died (Referred to Committee)
Peter Visclosky
Representative for Indiana's 1st congressional district
Read Text »
Last Updated
Apr 09, 2008
14 pages
Related Bills
H.R. 4055 (109th) was a previous version of this bill.

Referred to Committee
Last Action: Oct 07, 2005

H.R. 4281 (111th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Dec 10, 2009


This bill was introduced on April 9, 2008, in a previous session of Congress, but was not enacted.

Introduced Apr 09, 2008
Referred to Committee Apr 09, 2008
Full Title

To amend the Employee Retirement Income Security Act of 1974 and title 11, United State Code, to provide necessary reforms for employee pension benefit plans.


No summaries available.


House Education and the Workforce

House Judiciary

Commercial and Administrative Law

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

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.

Employees’ Pension Security Act of 2008 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to require assets of single-employer pension plans to be held in trust by joint boards of trustees.
Requires plan sponsors and administrators to provide all material investment information in an accurate form to participants and beneficiaries. Authorizes the Secretary to assess civil penalties for violations of certain information requirements.
Sets forth additional requirements for plan termination, to prevent abuse of the bankruptcy and termination process, including requirements relating to:
(1) distress termination;
(2) bankruptcy court decrees, and the right to intervene to challenge them;
(3) consideration of alternatives by the Pension Benefit Guaranty Corporation (PBGC) and the plan sponsor;
(4) PBGC efforts at consulting on alternatives with plan participants and their union representatives; and
(5) notice of the right to challenge determinations relating to plan termination.
Amends federal bankruptcy law to include, in a priority order for recovery of expenses and claims, allowed unsecured claims for benefit liabilities to participants and beneficiaries under a single-employer plan in connection with the plan termination, in excess of the benefits payable to them by the PBGC in connection with such termination.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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