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Protecting Pension Premiums from Being Used for Other Federal Spending.

This act aims to prevent premiums paid into pension insurance (Pension Benefit Guaranty Corporation) from being used to offset other federal spending. This means that money intended for securing future pensions cannot be easily diverted for other purposes, increasing the financial security of pension programs. For citizens, this means greater assurance that their pension contributions are protected and used solely for retirement benefits.
Key points
Prohibits using pension premiums (PBGC) as an offset for other government expenditures.
Strengthens the protection of pension funds, ensuring these monies are used exclusively for pension purposes.
Changes Congressional budget rules to prevent PBGC premiums from being counted as revenue to offset other spending.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4830
Sponsor: Rep. Kilmer, Derek [D-WA-6]
Process start date: 2021-07-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Pension and Budget Integrity Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4830.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-29.

What are the main provisions?

Key points include:

  • Prohibits using pension premiums (PBGC) as an offset for other government expenditures.
  • Strengthens the protection of pension funds, ensuring these monies are used exclusively for pension purposes.
  • Changes Congressional budget rules to prevent PBGC premiums from being counted as revenue to offset other spending.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kilmer, Derek [D-WA-6].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Benefits Economy