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HR 6929 - Susan Muffley Act of 2022 - National Key Vote

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Title: Susan Muffley Act of 2022

Vote Smart's Synopsis:

Vote to pass a bill that restores the 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.

Highlights:

 

  • Extends 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 (Sec. 2).

  • Requires that the Pension Benefit Guaranty Corporation (PBGC) reallocate and adjust each plan participant’s monthly benefits payment, and apply the recalculation to previously-made monthly payments (Sec. 2).

  • Establishes and provides appropriations for the payment of these benefits and specifies how the lump-sum payments are treated for tax purposes (Sec. 2).

  • Requires the PBGC report on recommendations to ensure the long-term solvency of its insurance programs (Sec. 2).

Full Bill Text

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