Pension Security and Transparency Act of 2005

Sponsor: JOHN BOEHNER (R-OH)

Pension Security and Transparency Act of 2005 - Title I: Funding and Deduction Rules for Single-Employer Defined Benefit Plans and Related Provisions - Subtitle A: Amendments to Employee Retirement Income Security Act of 1974 - (Sec. 101) Amends the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC) to repeal existing funding rules and to establish new minimum funding standards for single-employer defined benefit pension plans. (Sec. 102) Sets forth funding rules for single-employer defined benefit pension plans. Requires such plans to amortize unfunded liabilities over not more than seven years.

Labor and Employment Topic assigned by the Congressional Research Service. CRS gives each bill one topic, based on the bill as introduced. This one carries 100 subject terms, so it spans well beyond that single label.