I 
119TH CONGRESS 
1ST SESSION H. R. 1357 
To increase the benefits guaranteed in connection with certain pension plans, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 13, 2025 
Mr. TURNER of Ohio (for himself, Ms. KAPTUR, Ms. TENNEY, Ms. MOORE 
of Wisconsin, Mr. WEBSTER of Florida, Mr. SMITH of Washington, Mr. 
RULLI, Mr. AUSTIN SCOTT of Georgia, Mr. BAIRD, Mr. BERGMAN, Mr. 
THANEDAR, Mr. BALDERSON, Mr. STEIL, Mr. POCAN, Mr. JOYCE of 
Ohio, Ms. MCDONALD RIVET, and Mrs. SPARTZ) introduced the following 
bill; which was referred to the Committee on Education and Workforce, 
and in addition to the Committee on Ways and Means, for a period to 
be subsequently determined by the Speaker, in each case for consider-
ation of such provisions as fall within the jurisdiction of the committee 
concerned 
A BILL 
To increase the benefits guaranteed in connection with 
certain pension plans, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Susan Muffley Act of 
2025’’. 
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SEC. 2. GUARANTEED BENEFIT CALCULATION FOR CER-
TAIN PLANS. 
(a) IN GENERAL.— 
(1) INCREASE
TO
FULL
VESTED
PLAN
BEN-
EFIT.— 
(A) IN GENERAL.—For purposes of deter-
mining what benefits are guaranteed under sec-
tion 4022 of the Employee Retirement Income 
Security Act of 1974 (in this section referred to 
as ‘‘ERISA’’) with respect to an eligible partici-
pant or beneficiary under a covered plan speci-
fied in paragraph (4) in connection with the 
termination of such plan, the amount of month-
ly benefits shall be equal to the full vested plan 
benefit with respect to the participant. 
(B) NO
EFFECT
ON
PREVIOUS
DETER-
MINATIONS.—Nothing in this Act shall be con-
strued to change the allocation of assets and re-
coveries under sections 4044(a) and 4022(c) of 
ERISA as previously determined by the Pension 
Benefit Guaranty Corporation (in the section 
referred to as the ‘‘corporation’’) for the cov-
ered plans specified in paragraph (4), and the 
corporation’s applicable rules, practices, and 
policies on benefits payable in terminated sin-
gle-employer plans shall, except as otherwise 
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provided in this section, continue to apply with 
respect to such covered plans. 
(2) RECALCULATION OF CERTAIN BENEFITS.— 
(A) IN GENERAL.—In any case in which 
the amount of monthly benefits with respect to 
an eligible participant or beneficiary described 
in paragraph (1) was calculated prior to the 
date of enactment of this Act, the corporation 
shall recalculate such amount pursuant to para-
graph (1), and shall adjust any subsequent pay-
ments of such monthly benefits accordingly, as 
soon as practicable after such date. 
(B) LUMP-SUM
PAYMENTS
OF
PAST-DUE 
BENEFITS.—Not later than 180 days after the 
date of enactment of this Act, the corporation, 
in consultation with the Secretary of the Treas-
ury and the Secretary of Labor, shall make a 
lump-sum payment to each eligible participant 
or beneficiary whose guaranteed benefits are re-
calculated under subparagraph (A) in an 
amount equal to— 
(i) in the case of an eligible partici-
pant, the excess of— 
(I) the total of the full vested 
plan benefits of the participant for all 
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months for which such guaranteed 
benefits were paid prior to such recal-
culation, over 
(II) the sum of any applicable 
payments made to the eligible partici-
pant; and 
(ii) in the case of an eligible bene-
ficiary, the sum of— 
(I) the amount that would be de-
termined under clause (i) with respect 
to the participant of which the eligible 
beneficiary is a beneficiary if such 
participant were still in pay status; 
plus 
(II) the excess of— 
(aa) the total of the full 
vested plan benefits of the eligi-
ble beneficiary for all months for 
which such guaranteed benefits 
were paid prior to such recalcula-
tion, over 
(bb) the sum of any applica-
ble payments made to the eligible 
beneficiary. 
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Notwithstanding the previous sentence, the cor-
poration shall increase each lump-sum payment 
made under this subparagraph to account for 
foregone interest in an amount determined by 
the corporation designed to reflect a 6 percent 
annual interest rate on each past-due amount 
attributable to the underpayment of guaranteed 
benefits for each month prior to such recalcula-
tion. 
(C) ELIGIBLE PARTICIPANTS AND BENE-
FICIARIES.— 
(i) IN
GENERAL.—For purposes of 
this section, an eligible participant or bene-
ficiary is a participant or beneficiary 
who— 
(I) as of the date of the enact-
ment of this Act, is in pay status 
under a covered plan or is eligible for 
future payments under such plan; 
(II) has received or will receive 
applicable payments in connection 
with such plan (within the meaning of 
clause (ii)) that does not exceed the 
full vested plan benefits of such par-
ticipant or beneficiary; and 
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(III) is not covered by the 1999 
agreements between General Motors 
and various unions providing a top-up 
benefit to certain hourly employees 
who were transferred from the Gen-
eral Motors Hourly-Rate Employees 
Pension Plan to the Delphi Hourly- 
Rate Employees Pension Plan. 
(ii) 
APPLICABLE
PAYMENTS.—For 
purposes of this paragraph, applicable pay-
ments to a participant or beneficiary in 
connection with a plan consist of the fol-
lowing: 
(I) Payments under the plan 
equal to the normal benefit guarantee 
of the participant or beneficiary. 
(II) Payments to the participant 
or beneficiary made pursuant to sec-
tion 4022(c) or otherwise received 
from the corporation in connection 
with the termination of the plan. 
(3) DEFINITIONS.—For purposes of this sub-
section— 
(A) FULL VESTED PLAN BENEFIT.—The 
term ‘‘full vested plan benefit’’ means the 
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amount of monthly benefits that would be guar-
anteed under section 4022 of ERISA as of the 
date of plan termination with respect to an eli-
gible participant or beneficiary if such section 
were applied without regard to the phase-in 
limit in subsection (b)(1) of such Act and the 
maximum guaranteed benefit limitation in sub-
section (b)(3) of such Act (including the ac-
crued-at-normal limitation). 
(B) NORMAL BENEFIT GUARANTEE.—The 
term ‘‘normal benefit guarantee’’ means the 
amount of monthly benefits guaranteed under 
such section with respect to an eligible partici-
pant or beneficiary without regard to this Act. 
(4) COVERED PLANS.—The covered plans speci-
fied in this paragraph are the following: 
(A) The Delphi Hourly-Rate Employees 
Pension Plan. 
(B) The Delphi Retirement Program for 
Salaried Employees. 
(C) The PHI Non-Bargaining Retirement 
Plan. 
(D) The ASEC Manufacturing Retirement 
Program. 
(E) The PHI Bargaining Retirement Plan. 
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(F) The Delphi Mechatronic Systems Re-
tirement Program. 
(5) TREATMENT OF PBGC DETERMINATIONS.— 
Any determination made by the corporation under 
this section concerning a recalculation of benefits or 
lump-sum payment of past-due benefits shall be sub-
ject to administrative review by the corporation. Any 
new determination made by the corporation under 
this section shall be governed by the same adminis-
trative review process as any other benefit deter-
mination by the corporation. 
(b) TRUST FUND
FOR PAYMENT
OF INCREASED 
BENEFITS.— 
(1) ESTABLISHMENT.—There is established in 
the Treasury of the United States a trust fund to 
be known as the ‘‘Delphi Full Vested Plan Benefit 
Trust Fund’’ (hereafter in this subsection referred 
to as the ‘‘Fund’’), consisting of such amounts as 
may be appropriated or credited to the Fund as pro-
vided in this section. 
(2) FUNDING.—There is appropriated from the 
general fund such amounts as are necessary for the 
costs of the payment of the portion of monthly bene-
fits guaranteed to a participant or beneficiary pursu-
ant to subsection (a) and for necessary administra-
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tive and operating expenses of the corporation relat-
ing to such payment. The Fund shall be credited 
with amounts from time to time as the Secretary of 
the Treasury, in conjunction with the Director of the 
corporation, determines appropriate, from the gen-
eral fund of the Treasury. 
(3) EXPENDITURES FROM FUND.—Amounts in 
the Fund shall be available for the payment of the 
portion of monthly benefits guaranteed to a partici-
pant or beneficiary pursuant to subsection (a) and 
for necessary administrative and operating expenses 
of the corporation relating to such payment. 
(c) REGULATIONS.—The corporation, in consultation 
with the Secretary of the Treasury and the Secretary of 
Labor, may issue such regulations as necessary to carry 
out this section. 
(d) TAX TREATMENT OF LUMP-SUM PAYMENTS.— 
(1) IN GENERAL.—Unless the taxpayer elects 
(at such time and in such manner as the Secretary 
may provide) to have this paragraph not apply with 
respect to any lump-sum payment under subsection 
(a)(2)(B), the amount of such payment shall be in-
cluded in the taxpayer’s gross income ratably over 
the 3-taxable-year period beginning with the taxable 
year in which such payment is received. 
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(2) SPECIAL RULES RELATED TO DEATH.— 
(A) IN GENERAL.—If the taxpayer dies be-
fore the end of the 3-taxable-year period de-
scribed in paragraph (1), any amount to which 
paragraph (1) applies which has not been in-
cluded in gross income for a taxable year end-
ing before the taxable year in which such death 
occurs shall be included in gross income for 
such taxable year. 
(B) SPECIAL
ELECTION
FOR
SURVIVING 
SPOUSES OF ELIGIBLE PARTICIPANTS.—If— 
(i) a taxpayer with respect to whom 
paragraph (1) applies dies, 
(ii) such taxpayer is an eligible partic-
ipant, 
(iii) the surviving spouse of such eligi-
ble participant is entitled to a survivor 
benefit from the corporation with respect 
to such eligible participant, and 
(iv) such surviving spouse elects (at 
such time and in such manner as the Sec-
retary may provide) the application of this 
subparagraph, 
subparagraph (A) shall not apply and any 
amount which would have (but for such tax-
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payer’s death) been included in the gross in-
come of such taxpayer under paragraph (1) for 
any taxable year beginning after the date of 
such death shall be included in the gross in-
come of such surviving spouse for the taxable 
year of such surviving spouse ending with or 
within such taxable year of the taxpayer. 
Æ 
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