2019 -- H 5287

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LC001206

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2019

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A N   A C T

RELATING TO LABOR AND LABOR RELATIONS -- NON-ERISA COVERED PENSION

PLANS

     

     Introduced By: Representatives Shekarchi, McKiernan, O'Brien, Slater, and Diaz

     Date Introduced: February 06, 2019

     Referred To: House Judiciary

     (General Treasurer)

It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 28-7.1 of the General Laws entitled "Health and Welfare Funds,

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Pension Plans" is hereby amended by adding thereto the following section:

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     28-7.1-4. Defined pension plans annual reporting.

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     All defined pension plans that are not covered by the Employee Retirement Income

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Security Act of 1974 (ERISA) and which have two hundred (200) or more plan members shall be

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required to comply with the annual reporting provisions of 29 U.S.C. ยง 1024(b)(3).

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO LABOR AND LABOR RELATIONS -- NON-ERISA COVERED PENSION

PLANS

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     This act would require that all defined pension plans which are not covered by the ERISA

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and have at least two hundred (200) members, comply with ERISA's annual reporting provisions.

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     This act would take effect upon passage.

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