Detailed Instructions: In this task, you are given a summary for US Congressional and California state bill, your task is to generate a Title for this bill. The preferred titles are under forty words and mention the purpose of the bill.
Problem:Public Employee Retirement Security Act of 1996 - Amends the Internal Revenue Code to make inapplicable to defined benefit governmental plans a rule limiting benefits to 100 percent of a participant's average compensation for the participant's high three years.
Provides for the treatment of and defines qualified governmental excess benefit arrangements.
Exempts survivor and disability benefits under governmental plans from certain otherwise required benefit reductions.
Revises provisions concerning the treatment of deferred benefits plans of State and local governments and tax-exempt organizations.
Solution:
Public Employee Retirement Security Act of 1996