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To increase the amount of accrued benefit which a pension plan may distribute without consent.

USA115th CongressHR-4158| House 
| Updated: 10/26/2017
Tim Walberg

Tim Walberg

Republican Representative

Michigan

Cosponsors (3)
Donald Norcross (Democratic)Gregorio Kilili Camacho Sablan (Democratic)Peter J. Roskam (Republican)

Ways and Means Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Retirement Plan Modernization Act This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to increase from $5,000 to $7,600 the amount of accrued benefits in a pension plan that may be immediately distributed without the consent of the participant. The bill also requires the increased limit to be adjusted for inflation after 2018.
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Timeline
Oct 26, 2017
Introduced in House
Oct 26, 2017
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • October 26, 2017
    Introduced in House
  • October 26, 2017
    Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Labor and Employment

Employee benefits and pensionsInflation and prices

To increase the amount of accrued benefit which a pension plan may distribute without consent.

USA115th CongressHR-4158| House 
| Updated: 10/26/2017
Retirement Plan Modernization Act This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to increase from $5,000 to $7,600 the amount of accrued benefits in a pension plan that may be immediately distributed without the consent of the participant. The bill also requires the increased limit to be adjusted for inflation after 2018.
View Full Text

Suggested Questions

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

Timeline
Oct 26, 2017
Introduced in House
Oct 26, 2017
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • October 26, 2017
    Introduced in House
  • October 26, 2017
    Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Tim Walberg

Tim Walberg

Republican Representative

Michigan

Cosponsors (3)
Donald Norcross (Democratic)Gregorio Kilili Camacho Sablan (Democratic)Peter J. Roskam (Republican)

Ways and Means Committee, Education and Workforce Committee

Labor and Employment

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsInflation and prices