Employee Benefits And Pensions

Federal
US Congress 115th Congress

Lifetime Income Disclosure Act [S.868] [Labor, Jobs, Employment ] [Pensions ] [Retirement ]
Lifetime Income Disclosure Act This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to require 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 receive if the total accrued benefits (continued...)

  

Sponsored by: Sen. Christopher Murphy Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 04/06/2017

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Federal
US Congress 115th Congress

Lifetime Income Disclosure Act [HB-2055] [Labor, Jobs, Employment ] [Pensions ] [Retirement ]
Lifetime Income Disclosure Act This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to require 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 receive if the total accrued benefits (continued...)

  

Sponsored by: Rep. Thomas Suozzi Introduced In House on 04/06/2017

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Federal
US Congress 115th Congress

Savings Enhancement by Alleviating Leakage in 401(k) Savings Act [HB-2030] [Labor, Jobs, Employment ] [Retirement ] [Unemployment ] [Pensions ]
Savings Enhancement by Alleviating Leakage in 401(k) Savings Act This bill amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed. The bill also requires the Department of the Treasury to modify regulations governing hardship distributions from qualified employer plans to allow participants to make additional contributions to a plan during the six-month period following a hardship distribution.

  

Sponsored by: Rep. Vicente Gonzalez Introduced In House on 04/06/2017

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Federal
US Congress 115th Congress

Restoring the Patient's Voice Act of 2017 [HB-2077] [Healthcare ] [Insurance ] [Pharmaceuticals ] [Public Health ]
Restoring the Patient's Voice Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to require a group health plan to establish an exception to medication step-therapy protocol in specified cases. A medication step-therapy protocol establishes a specific sequence in which prescription drugs are covered by a group health plan or a health insurance issuer. To warrant an exception to the protocol, at least one of the following circumstances must be met: (1) the treatment is contraindicated, (2) the treatment is expected (continued...)

  

Sponsored by: Rep. Sean Maloney Introduced In House on 04/06/2017

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Federal
US Congress 115th Congress

Protecting Volunteer Firefighters and Emergency Responders Act [HB-1991] [Healthcare ] [Taxes ] [Labor, Jobs, Employment ] [Public Safety ] [Law Enforcement ]
Protecting Volunteer Firefighters and Emergency Responders Act This bill amends the Internal Revenue Code to exclude services rendered by bona-fide volunteers providing firefighting and prevention services, emergency medical services, or ambulance services to a state or local government or a tax-exempt charitable organization from the category of services usually rendered by an employee of an applicable large employer subject to the mandate to provide minimum essential health care coverage under the Patient Protection and Affordable Care Act (PPACA), (continued...)

  

Sponsored by: Rep. Ryan Costello Introduced In House on 04/06/2017

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US Congress 115th Congress

Retirement Security Preservation Act of 2017 [S.852] [Labor, Jobs, Employment ] [Pensions ] [Retirement ] [Taxes ]
Retirement Security Preservation Act of 2017 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.) The bill applies only to a defined benefit plan that: (1) closed before April 5, 2017; or (2) was in effect (continued...)

  

Sponsored by: Sen. Rob Portman Read Twice And Referred To The Committee On Finance. on 04/05/2017

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Federal
US Congress 115th Congress

Child and Dependent Care FSA Enhancement Act [HB-1959] [Taxes ] [Family-Related Legislation ] [Children and Youth ]
Child and Dependent Care FSA Enhancement Act This bill amends the Internal Revenue Code to increase to $7,500 the amount of employer-provided dependent care assistance that an employee may exclude from gross income. The bill allows an annual inflation adjustment to such increased amount after 2016.

  

Sponsored by: Rep. Luke Messer Introduced In House on 04/05/2017

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US Congress 115th Congress

Retirement Security Preservation Act of 2017 [HB-1962] [Retirement ] [Pensions ] [Labor, Jobs, Employment ] [Taxes ] [Senior Citizens ]
Retirement Security Preservation Act of 2017 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.) The bill applies only to a defined benefit plan that: (1) closed before April 5, 2017; or (2) was in effect (continued...)

  

Sponsored by: Rep. Richard Neal Introduced In House on 04/05/2017

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US Congress 115th Congress

ABLE to Work Act of 2017 [S.818] [Taxes ] [Disabilities ] [Retirement ]
ABLE to Work Act of 2017 This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.

  

Sponsored by: Sen. Robert Casey Read Twice And Referred To The Committee On Finance. on 04/04/2017

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US Congress 115th Congress

ABLE to Work Act of 2017 [HB-1896] [Taxes ] [Disabilities ] [Retirement ]
ABLE to Work Act of 2017 This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.

  

Sponsored by: Rep. Sean Maloney Introduced In House on 04/04/2017

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Federal
US Congress 115th Congress

Employer Participation in Repayment Act of 2017 [S.796] [Student Loans ] [Taxes ] [Labor, Jobs, Employment ] [Education ]
Employer Participation in Repayment Act of 2017 This bill amends the Internal Revenue Code to expand the tax exclusion for employer-provided educational assistance to include an employer's payments to an employee or lender for the principal or interest on any qualified education loan incurred by an employee.

  

Sponsored by: Sen. Robert Casey Read Twice And Referred To The Committee On Finance. on 03/30/2017

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Federal
US Congress 115th Congress

Seniors' Health Care Choice Act of 2017 [HB-1845] [Healthcare ] [Medicare and Medicaid ] [Senior Citizens ]
Seniors' Health Care Choice Act of 2017 This bill creates a special Medicare enrollment period for individuals enrolled in, or transitioning out of, continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA).

  

Sponsored by: Rep. Lloyd Smucker Referred To The Subcommittee On Health. on 04/12/2017

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Federal
US Congress 115th Congress

Expanding Employee Ownership Act of 2017 [HB-1792] [Labor, Jobs, Employment ] [Taxes ] [Small Business ]
Expanding Employee Ownership Act of 2017 This bill amends the Internal Revenue Code to exclude from the gross income of an employee: (1) shares of employer securities received in a qualified employee stock distribution as compensation for services that do not exceed the lowest number of employer securities received by any employee in such distribution; (2) any gain on such securities if held by an employee for not less than 10 years; and (3) in the case of any qualified disposition of an employer security that meets such 10-year holding requirement, (continued...)

  

Sponsored by: Rep. Collin Peterson Introduced In House on 03/29/2017

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