In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Young Women's Christian Association
Pension Clarification Act of 2007''.

SEC. 2. FINDINGS AND PURPOSE.

(a) Findings.--The Congress finds the following:
(1) The Young Women's Christian Association Pension Plan is
a multiple employer plan (subject to the requirements of
section 210 of the Employee Retirement Income Security Act of
1974) which is maintained by a corporation created by State law
prior to the enactment of the Employee Retirement Income
Security Act of 1974 and the Age Discrimination in Employment
Act of 1967 and whose primary purpose is the maintenance of
retirement programs.
(2) No applicable plan amendment, as defined in clause (v)
of section 204(b)(5)(B) of the Employee Retirement Income
Security Act of 1974 (29 U.S.C. 1054(b)(5)(B)(v)) (added by
section 701(a) of the Pension Protection Act of 2006 (Public
Law 109-280; 120 Stat. 982)) and clause (v) of section
4(i)(10)(B) of the Age Discrimination in Employment Act of 1967
(29 U.S.C. 623(i)(10)(B)(v)) (added by section 701(c) of the
Pension Protection Act of 2006 (Public Law 109-280; 120 Stat.
986)), or any applicable plan amendment causing a participant's
accrued benefit to be less than the amount described in clause
(iii) of such section 204(b)(5)(B) or clause (iii) of such
section 4(i)(10)(B), has ever been made to the Young Women's
Christian Association Pension Plan.
(3) Under the terms of the Young Women's Christian
Association Pension Plan, as in effect as of June 29, 2005, all
pension benefits of all participants under the plan are
immediately nonforfeitable.
(4) As of April 25, 2007, the Young Women's Christian
Association Pension Plan provides--
(A) for periods including June 29, 2005, and ending
on or before December 31, 2007, a credit to the account
of each participant equal to 40 percent of the pay
credit provided to such participant and interest
credits determined for each plan year at the average of
the annual rates of interest on 10-year Treasury
securities during a designated period in the preceding
plan year, and
(B) for periods beginning on or after January 1,
2008, interest credits which satisfy the requirements
of section 204(b)(5)(B)(i) of the Employee Retirement
Income Security Act of 1974 (29 U.S.C.
1054(b)(5)(B)(i)) (added by section 701(a) of the
Pension Protection Act of 2006 (Public Law 109-280; 120
Stat. 981)) and section 4(i)(10)(B)(i) of the Age
Discrimination in Employment Act of 1967 (29 U.S.C.
623(i)(10)(B)(i)) (added by section 701(c) of the
Pension Protection Act of 2006 (Public Law 109-280; 120
Stat. 989)).
(b) Purpose.--The purpose of this Act is to clarify the age
discrimination rules under section 204(b)(1)(H) of the Employee
Retirement Income Security Act of 1974 and section 4(i)(1) of the Age
Discrimination in Employment Act of 1967, as they relate to periods
prior to June 29, 2005, during which violations of such rules are
alleged to have occurred in civil actions commenced on or after April
25, 2007.

SEC. 3. CLARIFICATION OF AGE DISCRIMINATION RULES.

(a) In General.--In the case of any civil action which--
(1) is commenced on or after April 25, 2007, and
(2) alleges a violation of section 204(b)(1)(H) of the
Employee Retirement Income Security Act of 1974 (29 U.S.C.
1054(b)(1)(H)) or section 4(i)(1) of the Age Discrimination in
Employment Act of 1967 (29 U.S.C. 623(i)(1)) occurring before
June 29, 2005, with respect to any benefit provided under the
Young Women's Christian Association Pension Plan,
such sections 204(b)(1)(H) and 4(i)(1) shall be applied as if paragraph
(5) of section 204(b) of the Employee Retirement Income Security Act of
1974 (as added by section 701(a)(1) of the Pension Protection Act of
2006 (29 U.S.C. 1054(b)(5); 120 Stat. 981) and paragraph (10) of
section 4(i) of the Age Discrimination in Employment Act of 1967 (29
U.S.C. 623(i)(10); 120 Stat. 998) applied to any period in which such
alleged violation occurred.
(b) Young Women's Christian Association Pension Plan.--For purposes
of this Act, the term ''Young Women's Christian Association Pension
Plan'' means the defined benefit plan (as defined in section 3(35) of
the Employee Retirement Income Security Act of 1974) established on
January 1, 1926, and maintained by the Young Women's Christian
Association Retirement Fund, a corporation created by an Act of the
State of New York which became law on April 12, 1924.
A:
Young Women's Christian Association Pension Clarification Act of 2007 - Applies certain age discrimination safe harbor rules under the Employee Retirement Income Security Act of 1974 (ERISA) and the Age Discrimination in Employment Act of 1967 to civil actions brought on or after April 25, 2007, alleging any age discrimination violation occurring before June 29, 2005, with respect to any benefit provided under the Young Women's Christian Association Pension Plan.