To impose a 6-month moratorium on terminations of certain plans instituted under section 4042 of the Employee Retirement Income Security Act of 1974 in cases in which reorganization of contributing sponsors is sought in bankruptcy or insolvency proceedings.
Last action on May 31, 2005Referred to the Subcommittee on Employer-Employee Relations.
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Summary
Imposes a six-month moratorium on terminations of certain pension plans, instituted under specified provisions of the Employee Retirement Income Security Act of 1974 (ERISA), in cases in which reorganization of contributing sponsors is sought in bankruptcy or insolvency proceedings.
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