INFORM Act
USA116th CongressS-3417| Senate
| Updated: 3/9/2020
Patty Murray
Democratic Senator
Washington
Cosponsors (2)
Health, Education, Labor, and Pensions Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Information Needed for Financial Options Risk Mitigation or the INFORM Act This bill requires pension plan sponsors to provide certain information to participants and beneficiaries when the sponsor makes an offer to pay the plan's lifetime annuity as a lump sum. This includes the relative value of the lump sum option compared to the lifetime annuity and the general tax rules for accepting such lump sum.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Labor and Employment
INFORM Act
USA116th CongressS-3417| Senate
| Updated: 3/9/2020
Information Needed for Financial Options Risk Mitigation or the INFORM Act This bill requires pension plan sponsors to provide certain information to participants and beneficiaries when the sponsor makes an offer to pay the plan's lifetime annuity as a lump sum. This includes the relative value of the lump sum option compared to the lifetime annuity and the general tax rules for accepting such lump sum.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Patty Murray
Democratic Senator
Washington
Cosponsors (2)
Health, Education, Labor, and Pensions Committee
Labor and Employment
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted