Employees' Pension Security Act

The Employees’ Pension Security Act of 2009 is a proposed Act of Congress that would require all single-employer pension plans to have equal representation of employees and employers on a joint pension trust board.

Background

The Bill specifically enacts provisions that had been found in the previous Act introduced by Bernie Sanders, the Workplace Democracy Act. It was first introduced in 2005 by Peter Visclosky, and reintroduced again in 2008 and 2009.

Contents

The Act would amend the Employee Retirement Income Security Act of 1974 §403. The central provision is the following: