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Legislation

Proposals to change the nation’s pension, retirement savings plan, and Individual Retirement Account laws are continually before the U.S. Congress. Currently, a number of proposals affecting employees, retirees, and their families are under consideration. Others have passed Congress and have been signed into law. The bills and laws are often complicated, but when individuals take the time to understand them and make their views heard, it can make all the difference to their future retirement security.

Bills (View all)

Legislation that has been proposed

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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Laws (View all)

Legislation that has been enacted into law

Summary of CARES Act provisions relating to retirement plans

Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, Public Law 116-136) in response to the economic downturn caused by the coronavirus pandemic. The Act includes several items designed to ease employees’ access to their retirement funds and certain provisions allowing employers to delay contributions to their pension plans.

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Summary of the pension cutback provisions in Multiemployer Pension Reform Acf

Summary of the pension cutback provisions in the Multiemployer Pension Reform Act of 2014

In December 2014, Congress passed and President Obama signed into law the 2015 Omnibus spending bill, which included provisions of the Mult

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The Illinois Secure Choice Savings Program Act

On January 4, 2015, Illinois Governor Pat Quinn signed into law the Illinois Secure Choice Savings Program Act (Public Act 098-1150). Introduced as S.B. 2758 by Illinois Senator Daniel Biss, the Act passed the State legislature in 2014.

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