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Bills

Legislation that has been proposed.

Retirement Savings Lost and Found Act of 2021

The bipartisan Retirement Savings Lost and Found Act of 2021 (S. 1730), reintroduced by Senators Elizabeth Warren (D-MA) and Steve Daines (R-MT) on May 20, 2021, will make it possible for countless former employees to find their old employers and claim their retirement benefits. 

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Securing a Strong Retirement Act of 2020

On October 27, 2020 House Ways and Means Chairman Richard Neal (D-MA) and Ranking Member Kevin Brady (R-TX) introduced the Securing a Strong Retirement Act of 2020 (H.R. 8696), a bipartisan bill with some important provisions for retirement plan participants.

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The Women’s Pension Protection Act of 2018

On September 12, 2018 Senator Patty Murray (D-WA) introduced the Women’s Pension Protection Act of 2018 (WPPA), S.3436. A companion bill, H.R.

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Provisions in National Defense Authorization Act would cut retirement benefits

Provisions in National Defense Authorization Act would cut retirement benefits for former military spouses

Federal laws allow state family court judges to award a fair share of an employee’s retirement benefit to a former spouse at divorce.

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"Composite Bill" Legislative Summary

"Composite Bill" Legislative Summary

The U.S. House of Representatives Subcommittee on Health, Employment, Labor and Pensions recently held a hearing on a “Discussion Draft to Modernize Multiemployer Pensions.”  The draft is commonly referred to as “the composite bill” even though it has not yet been introduced into Congress as a stand-alone piece of legislation.

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The Retirement Savings Lost and Found Act

The Retirement Savings Lost and Found Act, sponsored by Elizabeth Warren (D-MA) and Steve Daines (R-MT), was reintroduced on February 28, 2018 as S. 2474.

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The Pension Accountability Act

In the last days of 2014, Congress passed the Multiemployer Pension Reform Act of 2014 (MPRA) as part of a year-end budget compromise. As a result of MPRA’s enactment, for the first time in 40 years multiemployer pension plan trustees have been given the authority to cut already earned retiree pension benefits while a plan is still solvent.

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State-based retirement plans for the private sector

States around the country are looking into ways of providing retirement savings opportunities for individuals who do not have access to an employer retirement plan.  States with a retirement program under consideration or with a program adopted are highlighted below. A brief description of the state program is included for each highlighted state.    

 

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Keep Our Pension Promises Act of 2015

The Keep Our Pension Promises Act of 2015 repeals the “benefit suspension” provisions of the Multiemployer Pension Reform Act of 2014 (MPRA) enacted at the end of the last Congress.

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