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Increasing Access to a Secure Retirement Act of 2019

USA116th CongressHR-1439| House 
| Updated: 2/28/2019
Tim Walberg

Tim Walberg

Republican Representative

Michigan

Cosponsors (7)
David Loebsack (Democratic)Lisa Blunt Rochester (Democratic)Terri A. Sewell (Democratic)Paul Mitchell (Independent)Joseph D. Morelle (Democratic)Ron Wright (Republican)David P. Roe (Republican)

Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Increasing Access to a Secure Retirement Act of 2019 This bill specifies optional measures that a fiduciary for a pension plan may take in selecting an insurer for a guaranteed retirement income contract to assure that the fiduciary meets the prudent man standard of care required under the Employee Retirement Income Security Act of 1974 (ERISA). A "guaranteed retirement income contract" is an annuity contract for a fixed term or a contract (or provision or feature thereof) which provides guaranteed benefits annually (or more frequently) for at least the remainder of the life of the participant or joint lives of the participant and the participant's designated beneficiary as part of a defined contribution plan.
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Timeline
Feb 28, 2019
Introduced in House
Feb 28, 2019
Referred to the House Committee on Education and Labor.
  • February 28, 2019
    Introduced in House


  • February 28, 2019
    Referred to the House Committee on Education and Labor.

Labor and Employment

Related Bills

  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • HR 116-1084: Family Savings Act of 2019
  • HR 116-1007: Retirement Enhancement and Savings Act of 2019
  • HR 116-1994: Setting Every Community Up for Retirement Enhancement Act of 2019
Employee benefits and pensionsFinancial services and investments

Increasing Access to a Secure Retirement Act of 2019

USA116th CongressHR-1439| House 
| Updated: 2/28/2019
Increasing Access to a Secure Retirement Act of 2019 This bill specifies optional measures that a fiduciary for a pension plan may take in selecting an insurer for a guaranteed retirement income contract to assure that the fiduciary meets the prudent man standard of care required under the Employee Retirement Income Security Act of 1974 (ERISA). A "guaranteed retirement income contract" is an annuity contract for a fixed term or a contract (or provision or feature thereof) which provides guaranteed benefits annually (or more frequently) for at least the remainder of the life of the participant or joint lives of the participant and the participant's designated beneficiary as part of a defined contribution plan.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 28, 2019
Introduced in House
Feb 28, 2019
Referred to the House Committee on Education and Labor.
  • February 28, 2019
    Introduced in House


  • February 28, 2019
    Referred to the House Committee on Education and Labor.
Tim Walberg

Tim Walberg

Republican Representative

Michigan

Cosponsors (7)
David Loebsack (Democratic)Lisa Blunt Rochester (Democratic)Terri A. Sewell (Democratic)Paul Mitchell (Independent)Joseph D. Morelle (Democratic)Ron Wright (Republican)David P. Roe (Republican)

Education and Workforce Committee

Labor and Employment

Related Bills

  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • HR 116-1084: Family Savings Act of 2019
  • HR 116-1007: Retirement Enhancement and Savings Act of 2019
  • HR 116-1994: Setting Every Community Up for Retirement Enhancement Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsFinancial services and investments