S.2832: Lifetime Income Disclosure Act

About This Bill

Bill Cosponsors

2 (1 Democrat, 1 Republican)

Bill Summary

Lifetime Income Disclosure Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to require the quarterly pension benefit statement furnished to a participant or beneficiary with the right to direct the investment of assets in his or her account under an individual account plan to include a lifetime income disclosure at least once every calendar year. Requires such a lifetime income disclosure to set forth the annuity...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Dec. 3, 2009

Introduced in the Senate by Jeff Bingaman (D-N.M.)

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