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- S.1574
S.1574: Lifetime Income Disclosure Act
About This Bill
- Introduced May 21, 2019
- Latest Major Action May 21, 2019
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - May 21, 2019
Bill Summary
Lifetime Income Disclosure Act This bill requires pension benefit statements to include a lifetime income disclosure at least once during any 12-month period. The disclosure must set forth the lifetime income stream equivalent of the total benefits accrued with respect to the participant or beneficiary. The "lifetime income stream equivalent of the total benefits accrued" is the amount of monthly payments the participant or beneficiary would...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 21, 2019 |
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
|
| May 21, 2019 |
Introduced in the Senate by Johnny Isakson (R-Ga.) |