18 U.S.C. § 664 — Theft or embezzlement from employee benefit plan

submitted 64 years ago by Pub. L. 87-420 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 104 words · no verdicts yet

in plain englishAI-generated · not legal advice

A person who steals, embezzles, or unlawfully converts money or other assets of a covered employee benefit plan may be fined, imprisoned for up to five years, or both. The section covers plans subject to title I of the Employee Retirement Income Security Act of 1974.

A person who embezzles, steals, or unlawfully and intentionally takes or converts for personal use or another person’s use money, funds, securities, premiums, credits, property, or other assets of an employee welfare benefit plan, employee pension benefit plan, or connected fund may be fined under this title, imprisoned for up to five years, or both. “Any employee welfare benefit plan or employee pension benefit plan” means an employee benefit plan subject to a provision of title I of the Employee Retirement Income Security Act of 1974. This section does not define the quoted term further.

the actual law source: uscode.house.gov ↗public domain

Any person who embezzles, steals, or unlawfully and willfully abstracts or converts to his own use or to the use of another, any of the moneys, funds, securities, premiums, credits, property, or other assets of any employee welfare benefit plan or employee pension benefit plan, or of any fund connected therewith, shall be fined under this title, or imprisoned not more than five years, or both.

As used in this section, the term “any employee welfare benefit plan or employee pension benefit plan” means any employee benefit plan subject to any provision of title I of the Employee Retirement Income Security Act of 1974.

Source credit: (Added Pub. L. 87–420, § 17(a), Mar. 20, 1962, 76 Stat. 41; amended Pub. L. 93–406, title I, § 112(a)(2)(A), formerly § 111(a)(2)(A), Sept. 2, 1974, 88 Stat. 851, renumbered § 112(a)(2)(A), Pub. L. 117–328, div. T, title III, § 320(a)(1), Dec. 29, 2022, 136 Stat. 5354; Pub. L. 103–322, title XXXIII, § 330016(1)(L), Sept. 13, 1994, 108 Stat. 2147.)

history & why it existsrecord from the source credit

1962Enacted · Pub. L. 87-420 · 76 Stat. 41
1974Amended · Pub. L. 93-406 · 88 Stat. 851
1994Amended · Pub. L. 103-322 · 108 Stat. 2147

A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-420 on 1962-03-20.

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