2019 -- S 0431 SUBSTITUTE A | |
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LC001764/SUB A | |
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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 | |
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Introduced By: Senators Ruggerio, Goodwin, Ciccone, Archambault, and Conley | |
Date Introduced: February 27, 2019 | |
Referred To: Senate Finance | |
(General Treasurer) | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 28-7.1 of the General Laws entitled "Health and Welfare Funds, |
2 | Pension Plans" is hereby amended by adding thereto the following section: |
3 | 28-7.1-4. Defined pension plans annual reporting. |
4 | (a) All defined pension plans that are not covered by the Employee Retirement Income |
5 | Security Act of 1974 (ERISA) and have two hundred (200) or more plan members shall be |
6 | required to comply with the provisions of 29 U.S.C. § 1024(b)(3). |
7 | (b) This section shall not apply to governmental plans as defined in 29 U.S.C. § |
8 | 1002(32). |
9 | SECTION 2. This act shall take effect upon passage. |
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LC001764/SUB A | |
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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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1 | This act would require that all defined pension plans, which are not covered by ERISA, |
2 | excluding government plans, having two hundred (200) or more members, comply with ERISA's |
3 | annual reporting provisions. |
4 | This act would take effect upon passage. |
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LC001764/SUB A | |
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