Susan Muffley Act of 2022
Policy Area: Labor and Employment
Sponsor: Rep. Kildee, Daniel T. [D-MI-5] (D-MI)
Latest Action (2022-07-28): Received in the Senate.
Susan Muffley Act of 2022 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. Finally, the bill requires the PBGC to report on recommendations to ensure the long-term solvency of its insurance programs.
Subjects: Congressional oversight, Employee benefits and pensions, Government trust funds
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How members voted on HR6929. 0 total positions across all roll calls for this bill.
No vote data available for HR6929.
