IN THE SENATE OF THE UNITED STATES
March 17, 2011
Mr. Rockefeller introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources
To amend the Surface Mining Control and Reclamation Act of 1977 to provide for use of excess funds available under that Act to provide for certain benefits, and for other purposes.
This Act may be cited as the
Coal Accountability and Retired
Employee Act of 2011 or the
CARE Act .
Amendment of Surface Mining Control and Reclamation Act of 1977
Section 402(i)(2) of the Surface Mining Control and Reclamation Act of 1977 (30 U.S.C. 1232(i)(2)) is amended—
Subject to and inserting the following:
by adding at the end the following:
Subject to paragraph (3), and after all transfers referred to in paragraph (1) and subparagraph (A) of this paragraph have been made, any amounts remaining after the application of paragraph (3)(A) (without regard to this subparagraph) shall be transferred to the trustees of the 1974 UMWA Pension Plan and used solely to pay pension benefits required under such plan.
1974 UMWA Pension Plan
In this subparagraph, the term 1974 UMWA Pension Plan means a pension plan referred to in section 9701(a)(3) of the Internal Revenue Code of 1986 but without regard to whether participation in such plan is limited to individuals who retired in 1976 and thereafter.