I 
109TH CONGRESS 
1ST SESSION H. R. 2830
To amend the Employee Retirement Income Security Act of 1974 and the 
Internal Revenue Code of 1986 to reform the pension funding rules, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 9, 2005
Mr. BOEHNER (for himself, Mr. THOMAS, Mr. SAM JOHNSON of Texas, Mr. 
KLINE, Mr. MCKEON, Mr. TIBERI, and Mr. BOUSTANY) introduced the 
following bill; which was referred to the Committee on Education and the 
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 
consideration of such provisions as fall within the jurisdiction of the com-
mittee concerned 
A BILL 
To amend the Employee Retirement Income Security Act 
of 1974 and the Internal Revenue Code of 1986 to 
reform the pension funding rules, 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 AND TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Pension Protection Act of 2005’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows:
Sec. 1. Short title and table of contents. 
TITLE I—REFORM OF FUNDING RULES FOR SINGLE-EMPLOYER 
DEFINED BENEFIT PENSION PLANS 
Subtitle A—Amendments to Employee Retirement Income Security Act of 
1974
Sec. 101. Minimum funding standards. 
Sec. 102. Funding rules for single-employer defined benefit pension plans. 
Sec. 103. Limitations on distributions and benefit accruals under single-em-
ployer plans. 
Sec. 104. Technical and conforming amendments. 
Subtitle B—Amendments to Internal Revenue Code of 1986
Sec. 111. Minimum funding standards. 
Sec. 112. Funding rules for single-employer defined benefit pension plans. 
Sec. 113. Limitations on distributions and benefit accruals under single-em-
ployer plans. 
Sec. 114. Technical and conforming amendments. 
Subtitle C—Other provisions 
Sec. 121. Modification of transition rule to pension funding requirements. 
Sec. 122. Treatment of nonqualified deferred compensation plans when em-
ployer defined benefit plan in at-risk status. 
TITLE II—FUNDING RULES FOR MULTIEMPLOYER DEFINED 
BENEFIT PLANS 
Subtitle A—Amendments to Employee Retirement Income Security Act of 
1974
Sec. 201. Funding rules for multiemployer defined benefit plans. 
Sec. 202. Additional funding rules for multiemployer plans in endangered or 
critical status. 
Sec. 203. Measures to forestall insolvency of multiemployer plans. 
Sec. 204. Withdrawal liability reforms. 
Sec. 205. Removal of restrictions with respect to procedures applicable to dis-
putes involving withdrawal liability. 
Subtitle B—Amendments to Internal Revenue Code of 1986
Sec. 211. Funding rules for multiemployer defined benefit plans. 
Sec. 212. Additional funding rules for multiemployer plans in endangered or 
critical status. 
TITLE III—OTHER INTEREST-RELATED FUNDING PROVISIONS 
Sec. 301. Interest rate assumption for determination of lump sum distributions. 
Sec. 302. Interest rate assumption for applying benefit limitations to lump sum 
distributions. 
TITLE IV—IMPROVEMENTS IN PBGC GUARANTEE PROVISIONS 
Sec. 401. Increases in PBGC premiums. 
TITLE V—DISCLOSURE
Sec. 501. Defined benefit plan funding notices. 
Sec. 502. Additional disclosure requirements. 
Sec. 503. Notice to participants and beneficiaries of section 4010 filings with 
the PBGC. 
TITLE VI—INVESTMENT ADVICE 
Sec. 601. Amendments to Employee Retirement Income Security Act of 1974 
providing prohibited transaction exemption for provision of in-
vestment advice. 
Sec. 602. Amendments to Internal Revenue Code of 1986 providing prohibited 
transaction exemption for provision of investment advice. 
TITLE VII—DEDUCTION LIMITATIONS 
Sec. 701. Increase in deduction limits. 
Sec. 702. Updating deduction rules for combination of plans.
TITLE I—REFORM OF FUNDING 
RULES 
FOR 
SINGLE-EM-
PLOYER 
DEFINED 
BENEFIT 
PENSION PLANS 
Subtitle A—Amendments to Em-
ployee Retirement Income Secu-
rity Act of 1974
SEC. 101. MINIMUM FUNDING STANDARDS. 
(a) REPEAL OF EXISTING FUNDING RULES.—Sec-
tions 302 through 306 of the Employee Retirement In-
come Security Act of 1974 (29 U.S.C. 1082 through 
1085a) are repealed. 
(b) NEW MINIMUM FUNDING STANDARDS.—Part 3 
of subtitle B of title I of such Act (as amended by sub-
section (a)) is amended further by inserting after section 
301 the following new section:
‘‘MINIMUM FUNDING STANDARDS 
‘‘SEC. 302. (a) REQUIREMENT TO MEET MINIMUM 
FUNDING STANDARD.—
‘‘(1) IN GENERAL.—A plan to which this part 
applies shall satisfy the minimum funding standard 
applicable to the plan for any plan year. 
‘‘(2) MINIMUM FUNDING STANDARD.—For pur-
poses of paragraph (1), a plan shall be treated as 
satisfying the minimum funding standard for a plan 
year if—
‘‘(A) in the case of a defined benefit plan 
which is a single-employer plan, the employer 
makes contributions to or under the plan for 
the plan year which, in the aggregate, are not 
less than the minimum required contribution 
determined under section 303 for the plan for 
the plan year, 
‘‘(B) in the case of a money purchase plan 
which is a single-employer plan, the employer 
makes contributions to or under the plan for 
the plan year which are required under the 
terms of the plan, and 
‘‘(C) in the case of a multiemployer plan, 
the employers make contributions to or under 
the plan for any plan year which, in the aggre-
gate, are sufficient to ensure that the plan does 
not have an accumulated funding deficiency 
under section 304 as of the end of the plan 
year. 
‘‘(b) LIABILITY FOR CONTRIBUTIONS.—
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), the amount of any contribution required 
by this section (including any required installments 
under paragraphs (3) and (4) of section 303(i)) 
shall be paid by any employer responsible for mak-
ing contributions to or under the plan. 
‘‘(2) JOINT
AND
SEVERAL
LIABILITY
WHERE 
EMPLOYER MEMBER OF CONTROLLED GROUP.—In 
the case of a single-employer plan, if the employer 
referred to in paragraph (1) is a member of a con-
trolled group, each member of such group shall be 
jointly and severally liable for payment of such con-
tributions. 
‘‘(c) VARIANCE FROM MINIMUM FUNDING STAND-
ARDS.—
‘‘(1) WAIVER
IN
CASE
OF
BUSINESS
HARD-
SHIP.—
‘‘(A) IN GENERAL.—If—
‘‘(i) an employer is (or in the case of 
a multiemployer plan, 10 percent or more