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- S.5
S.5: Retirement Security Preservation Act of 2016
About This Bill
- Introduced Nov. 16, 2016
- Latest Major Action Nov. 16, 2016
Bill Sponsor
Bill Cosponsor
Bill Summary
Retirement Security Preservation Act of 2016 This bill amends the Internal Revenue Code to modify the nondiscrimination requirements for certain defined benefit retirement plans that limit participation or certain features to a closed class, such as individuals who were hired before a certain date. (Under current law, the plans may not discriminate in favor of highly compensated employees and must meet minimum participation requirements.) ...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Nov. 16, 2016 |
Read twice and referred to the Committee on Finance.
|
| Nov. 16, 2016 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |