Below is the summary and a working copy of the just introduced "Pension Protection Act" yesterday by the House. The bill itself is 305 pages long if one chooses to read it. There is multi-employer relief in this bill, which divides multi-employer plans into health zones. The green zone is for plans which have a funding ratio of 80% or greater. A yellow zone fund is bewteen 65-80% and the red zone is anything below 65%. Details of the zoning and the increased disclosure requirements for workers can be found in the bill summary provided below: House Republicans Introduce Pension Reform Bill to Protect Workers & Taxpayers WASHINGTON, D.C. On June 9, 2005, House Republicans formally introduced comprehensive pension reform legislation the Pension Protection Act (H.R. 2830). A hearing is scheduled for Wednesday, June 15, 2005 with the Full Committee @ 10:30 a.m. in room 2175 Rayburn House Office Building. Witnesses to be announced. The Senate Finance Committee also had a recent and related pension hearing called: Preventing the Next Pension Collapse: Lessons from the United Airlines Case. There will probably be a companion bill to H.R. 2830 introduced into the Senate sometime in the near future. Chances are the companion bill will be introduced in the Senate Committee on Health Education Labor and Pensions. A multiemployer hearing was held with the HELP committee on the same day as the United hearing with Finance Committee. This appears to be the "blueprint" and what the coalition is all about. This pension reform bill probably has a pretty good chance of becoming law sometime this year, with the United crisis used as a catalyst for action.