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Susan Muffley Act of 2025
3/14/2025, 11:57 AM
Summary of Bill HR 1357
Bill 119 HR 1357, also known as the "Pension Protection Act," aims to enhance the benefits provided by certain pension plans in the United States. The bill seeks to increase the guaranteed benefits for individuals who are enrolled in these plans, ensuring that they receive adequate financial support during their retirement years.
Additionally, the bill includes provisions that address other important aspects of pension plans, such as funding requirements and plan administration. By strengthening these regulations, the bill aims to protect the financial security of retirees and ensure the long-term sustainability of pension plans.
Overall, Bill 119 HR 1357 is designed to improve the benefits and protections offered by certain pension plans, ultimately benefiting individuals who rely on these plans for their retirement income. The bill represents a significant step towards ensuring the financial well-being of retirees and promoting a secure retirement for all Americans.
Additionally, the bill includes provisions that address other important aspects of pension plans, such as funding requirements and plan administration. By strengthening these regulations, the bill aims to protect the financial security of retirees and ensure the long-term sustainability of pension plans.
Overall, Bill 119 HR 1357 is designed to improve the benefits and protections offered by certain pension plans, ultimately benefiting individuals who rely on these plans for their retirement income. The bill represents a significant step towards ensuring the financial well-being of retirees and promoting a secure retirement for all Americans.
Congressional Summary of HR 1357
Susan Muffley Act of 2025
This bill restores the full vested monthly benefits for eligible participants of certain pension plans that were sponsored by Delphi Corporation and terminated as a result of General Motors' bankruptcy in 2009.
The Pension Benefit Guaranty Corporation (PBGC) must recalculate and adjust each plan participant's monthly benefits payment. The PBGC must also apply the recalculation to previously-made monthly payments and make a lump-sum payment for any additional benefits based on the recalculation.
The bill establishes and provides appropriations to a fund for the payment of these benefits and specifies how the lump-sum payments are treated for tax purposes.
Read the Full Bill
Current Status of Bill HR 1357
Bill HR 1357 is currently in the status of Bill Introduced since February 13, 2025. Bill HR 1357 was introduced during Congress 119 and was introduced to the House on February 13, 2025. Bill HR 1357's most recent activity was Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of February 13, 2025
Bipartisan Support of Bill HR 1357
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
70Democrat Cosponsors
29Republican Cosponsors
41Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1357
Primary Policy Focus
Labor and EmploymentAlternate Title(s) of Bill HR 1357
To increase the benefits guaranteed in connection with certain pension plans, and for other purposes.
To increase the benefits guaranteed in connection with certain pension plans, and for other purposes.
Comments
Esmeralda Lanier
31,165
10 months ago
This bill gonna hurt us all. It's not fair. Did you know it bans chocolate milk?
Sponsors and Cosponsors of HR 1357
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