H.R.5424: To allow certain existing retirement plans maintained by churches to continue to provide annuities directly to participants rather than through an insurance company.

About This Bill

  • This bill was introduced in the 109th Congress
  • This bill is primarily about taxation
  • Introduced May 18, 2006
  • Latest Major Action May 19, 2006

Bill Sponsor

Bill Summary

Provides that annuity payments from qualified church plans that otherwise meet specified distribution requirements for money purchase pension plans under the Internal Revenue Code shall not fail to satisfy qualified trust distribution requirements merely because the payments are not made under an annuity contract purchased from an insurance company.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure.
May 18, 2006

Introduced in the House by Mark Souder (R-Ind.)

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