{"format":1,"id":"117-hr-6929","congress":117,"number":"H.R. 6929","kind":"bill","group":"bills","title":"Susan Muffley Act of 2022","title_source":"Short Title(s) as Passed House","official_title":"To increase the benefits guaranteed in connection with certain pension plans, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To increase the benefits guaranteed in connection with certain pension plans, and for other purposes."},{"type":"Display Title","title":"Susan Muffley Act of 2022"},{"type":"Short Title(s) as Passed House","title":"Susan Muffley Act of 2022"},{"type":"Short Title(s) as Introduced","title":"Susan Muffley Act of 2022"}],"outcome":"passed_house","law_number":null,"introduced":"2022-03-03","chambers":{"house":{"status":"roll_call","date":"2022-07-27","vote":{"id":"117-2022-h396","question":"On Passage","title":"Susan Muffley Act","result":"Passed","yea":254,"nay":175,"present":0,"not_voting":1,"source":"https://clerk.house.gov/evs/2022/roll396.xml"}},"senate":{"status":"na","date":null,"vote":null}},"president":{"status":"na","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate.","date":"2022-07-28"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2022-07-27","stage":"Passed House","blocks":[{"k":"h","t":"Susan Muffley Act of 2022"},{"k":"p","t":"This bill restores the full vested monthly benefits for eligible participants of certain pension plans that were sponsored by Delphi Corporation and terminated as a result of General Motors' bankruptcy in 2009."},{"k":"p","t":"The Pension Benefit Guaranty Corporation (PBGC) must recalculate and adjust each plan participant's monthly benefits payment. The PBGC must also apply the recalculation to previously-made monthly payments and make a lump-sum payment for any additional benefits based on the recalculation."},{"k":"p","t":"The bill establishes and provides appropriations to a fund for the payment of these benefits and specifies how the lump-sum payments are treated for tax purposes."},{"k":"p","t":"Finally, the bill requires the PBGC to report on recommendations to ensure the long-term solvency of its insurance programs."}],"words":122},"summary":{"main_subject":{"text":"Sets the monthly benefits the Pension Benefit Guaranty Corporation guarantees to eligible participants and beneficiaries of six named Delphi-related pension plans at the full vested plan benefit, with recalculation, back payments, a funding source and tax rules.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#H7A4DA29082F8417691D2C12270F08C0A"}]},"core_areas":["Pension Benefit Guaranty Corporation guaranteed benefits for six named Delphi-related pension plans","Lump-sum payments of past-due pension benefits","Trust fund for increased pension benefit payments","Tax treatment of lump-sum pension payments","Pension Benefit Guaranty Corporation premium due date and solvency report"],"what_it_does":[{"text":"Sets the monthly benefits guaranteed under section 4022 of ERISA for eligible participants and beneficiaries of the covered plans at the full vested plan benefit, calculated without the phase-in limit and the maximum guaranteed benefit limitation.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#H7A4DA29082F8417691D2C12270F08C0A"}},{"text":"Requires the Pension Benefit Guaranty Corporation to recalculate previously calculated monthly benefits as soon as practicable after enactment and to adjust later payments accordingly.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#H7A4DA29082F8417691D2C12270F08C0A"}},{"text":"Requires the corporation, within 180 days after enactment, to make a lump-sum payment of past-due benefits to each eligible participant or beneficiary, increased for foregone interest designed to reflect a 6 percent annual interest rate.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#H7A4DA29082F8417691D2C12270F08C0A"}},{"text":"Establishes in the Treasury the Delphi Full Vested Plan Benefit Trust Fund and appropriates from the general fund the amounts necessary to pay the increased benefits and related administrative and operating expenses of the corporation.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#H7A4DA29082F8417691D2C12270F08C0A"}},{"text":"Includes each lump-sum payment in gross income ratably over three taxable years unless the taxpayer elects otherwise, and sets special rules for a taxpayer who dies and for a surviving spouse who makes an election.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#H7A4DA29082F8417691D2C12270F08C0A"}},{"text":"Requires the Director of the Pension Benefit Guaranty Corporation to issue a public request for information within 1 year and to report to congressional committees within 2 years with recommendations on the long-term solvency of the corporation's insurance programs.","cite":{"label":"Sec. 4","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#H482D4F6616104E20BE1BF47682EFF4DF"}}],"unexpected":[{"category":"selective_carve_out","items":[{"cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#H7A4DA29082F8417691D2C12270F08C0A"},"heading":"Guaranteed benefit calculation for certain plans","effect":"Raises guaranteed monthly benefits to the full vested plan benefit for participants in six named plans, and excludes people covered by the 1999 General Motors and union agreements providing a top-up benefit to certain hourly employees.","amount":null,"quote":"is not covered by the 1999 agreements between General Motors and various unions providing a top-up benefit to certain hourly employees"},{"cite":{"label":"Sec. 3","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#HAC439A05FF2946B1A6C8A21A51DED094"},"heading":"Pension variable rate premium payment acceleration","effect":"Moves the due date to September 15, 2032 for variable rate premiums that would otherwise fall due between September 15 and November 1, 2032, overriding the usual premium due-date rules.","amount":null,"quote":"the due date for which is (but for this section) after September 15, 2032, and before November 1, 2032, shall be due not later than September 15, 2032"}]},{"category":"political_name","items":[{"cite":{"label":"Sec. 1","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh#H618187108EC041C98D07DC20C0BAE83B"},"heading":"Short title","effect":"Gives the Act a short title that uses the name of a person, Susan Muffley.","amount":null,"quote":"This Act may be cited as the “Susan Muffley Act of 2022”."}]}],"version":{"type":"Engrossed in House","date":"2022-07-27","rule":"passed","href":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-15","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/117th-congress/house-bill/6929","text":"https://www.congress.gov/bill/117th-congress/house-bill/6929/text"},"card":{"image":"card/item/117-hr-6929.png","v":"ca50d51fe2a8","alt":"Votes on Record. H.R. 6929, 117th Congress: Susan Muffley Act of 2022. House: 254 Yea, 175 Nay. Outcome: Passed House, 27 Jul 2022."}}