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S.2511: A bill to amend the Employee Retirement Income Security Act of 1974 to clarify the definition of substantial cessation of operations.
About this Bill
|This bill was introduced in the||113th Congress|
|This bill is primarily about||labor and employment|
|You can||read the bill|
|Sponsor||Tom Harkin, D-Iowa|
|Total Cosponsors||1 (All Republicans)|
|Introduced||June 19, 2014|
|Latest Major Action||Sept. 17, 2014|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the Senate
- Bill passed in the Senate
- Bill passed in the House
- Bill signed into law
Amends the Employee Retirement Income Security Act of 1974 (ERISA) with respect to the treatment as a substantial employer subject to specified liability of any employer that ceases operations at a facility in any location with the result that more than 20% percent of the total number of the employees participating under the employer's single-employer pension plan are separated from employment.
(The substantial employer liability referred to as specified under current law is the liability of a substantial employer for withdrawal from, or termination of, single-employer plans under multiple controlled groups.)
(Sec. 1) Revises the meaning of a substantial cessation of operations.
Eliminates the requirement that more than 20% of the total number of the employer's employees who participate under its single-employer plan be separated from employment.
Exempts from the general rule any single employer plan if, for the plan year preceding the plan year in whi...
(Source: Congressional Research Service)
|Sept. 17, 2014||Held at the desk.|
|Sept. 17, 2014||Message on Senate action sent to the House.|
|Sept. 17, 2014||Received in the House.|
|Sept. 16, 2014||Passed Senate with an amendment by Unanimous Consent. (consideration: CR S5647-5649; text as passed Senate: CR S5647-5648)|
|Sept. 8, 2014||Placed on Senate Legislative Calendar under General Orders. Calendar No. 552.|
|Sept. 8, 2014||Committee on Health, Education, Labor, and Pensions. Reported by Senator Harkin with an amendment in the nature of a substitute. Without written report.|
|July 23, 2014||Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.|
|June 19, 2014||Read twice and referred to the Committee on Health, Education, Labor, and Pensions.|