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Susan Muffley Act of 2022
12/29/2022, 10:33 PM
Congressional Summary of S 3766
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.
Read the Full Bill
Current Status of Bill S 3766
Bill S 3766 is currently in the status of Bill Introduced since March 7, 2022. Bill S 3766 was introduced during Congress 117 and was introduced to the Senate on March 7, 2022. Bill S 3766's most recent activity was Read twice and referred to the Committee on Finance. as of March 7, 2022
Bipartisan Support of Bill S 3766
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
11Democrat Cosponsors
7Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3766
Primary Policy Focus
Labor and EmploymentAlternate Title(s) of Bill S 3766
Susan Muffley Act of 2022
Susan Muffley Act of 2022
A bill to increase the benefits guaranteed in connection with certain pension plans, and for other purposes.
Comments
Sponsors and Cosponsors of S 3766
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