S.Amdt. 4914

SA 4914. Mr. BLUMENTHAL submitted an amendment intended to be
proposed by him to the bill S. 2328, to reauthorize and amend the
National Sea Grant College Program Act, and for other purposes; which
was ordered to lie on the table; as follows:

On page 38, strike line 24 and insert the following:
pension systems to ensure payment of retirement benefits
accrued as of the effective date of this Act (to the extent
such benefits do not exceed the maximum guarantee which would
apply with respect to the participant under section 4022 of
the Employee Retirement Income Security Act of 1974 (29
U.S.C. 1322) if title IV of such Act applied to the
participant's plan), treat participant contributions to any
trust administered by the territory or any instrumentality
thereof as the property of the contributor, and ensure that
funding is pledged for each fiscal year sufficient to satisfy
the lawful claims of participants to their contributions;
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