S.2933: Incentives for Older Workers Act

About This Bill

Bill Cosponsors

2 (2 Democrats, 1 Republican)

Bill Summary

Incentives for Older Workers Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC) to prohibit a reduction in benefits for an employee under a defined benefit pension plan who has begun a phased retirement and was employed on a substantially full-time basis during the previous 12-month period before phased retirement. Defines "phased retirement" as the period when an employee is employed...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
April 29, 2008

Introduced in the Senate by Gordon Harold Smith (R-Ore.)

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