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HR 1357119th CongressIntroduced
Susan Muffley Act of 2025
Introduced: Oct 18, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Susan Muffley Act increases pension benefits for certain terminated plans by guaranteeing full vested benefits instead of current phase-in limitations.
Key Points
- 1Increases guaranteed benefits to full vested plan benefits for six specified Delphi and related plans
- 2Requires PBGC to recalculate benefits and make lump-sum payments for past underpayments
- 3Includes 6% annual interest on underpaid amounts from previous years
- 4Establishes Delphi Full Vested Plan Benefit Trust Fund for payments
- 5Covers approximately 100,000+ participants in terminated single-employer plans
- 6Provides special tax treatment - spreads lump-sum income over 3 years
Impact Areas
Pension plan participants in covered Delphi plansPension Benefit Guaranty CorporationRetiree income securityFederal pension insurance systemTrust fund financing and administration
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