Increasing Access to a Secure Retirement Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 7, 2017)
Increasing Access to a Secure Retirement Act of 2017
This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to specify optional measures that a fiduciary for a pension plan may take in selecting an insurer and a guaranteed retirement income contract to assure that the fiduciary meets the prudent man standard of care required under ERISA.
A "guaranteed retirement income contract" is an annuity contract for a fixed term or a contract (or provision or feature thereof) which provides guaranteed benefits annually (or more frequently) for at least the remainder of the life of the participant or joint lives of the participant and the participant's designated beneficiary as part of a defined contribution plan.
What just happenedDec 7, 2017
Referred to the House Committee on Education and the Workforce.
Who’s behind it
- Introduced in HouseDec 7, 2017
- Dec 7, 2017IntroReferralH11100
Referred to the House Committee on Education and the Workforce.
Education and the Workforce Committee - Dec 7, 2017IntroReferralIntro-H
Introduced in House
- Dec 7, 2017IntroReferral1000
Introduced in House