H.Amdt.131 - Amendment in the nature of a substitute sought to add the text of the Pension Fairness Act that, among other provisions, requires executive pensions to be subject to the same pension rules that apply to other employees, provides for investment advice from qualified, independent advisors, allows older employees to choose between a conversion to a cash balance plan or to maintain their current defined benefit pension plan, and requires disclosure to collective bargaining units on proposed changes to executive pensions, health or life insurance, or other substantial benefits.
About This Bill
Introduced
Latest Action · May 14, 2003
On agreeing to the Andrews amendment (A002) Failed by the Yeas and Nays: 193 - 236 (Roll no. 187).