3.0.0 219 2019-11-15T21:52:28Z 2019-11-15T21:52:28Z Senate S S 2005-01-31 109 ssfi00 Finance Committee Senate Standing Referred to 2005-01-31T22:32:15Z 2005-01-31 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2005-01-31 Sponsor introductory remarks on measure. (CR S671-672) IntroReferral B00100 9 Library of Congress 2005-01-31 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN 2005-01-31 True Labor and Employment Administrative procedure Alimony Annuities Assassination Black lung Civil service retirement Coal Collective bargaining Commerce Congress Congressional reporting requirements Corporate divestiture Corporate mergers Corporation taxes Cost of living adjustments Crime and Law Enforcement Defined benefit pension plans Defined contribution plans Department of the Treasury Disability retirement Disabled Divorce Early retirement Earnings Education Electronic data interchange Electronic government information Elementary and secondary education Emergency Management Emergency medicine Employee benefit plans Employee health benefits Employee ownership Employee stock options Employers' liability Energy Excise tax Executive compensation Families Federal employees Fees Finance and Financial Sector Financial planning Financial services Financial statements Fire fighters Government Operations and Politics Government corporations Government paperwork Government publicity Government trust funds Governmental investigations Health Income tax Individual retirement accounts Information disclosure (Securities law) Insurance premiums Interest Interest rates Internet Investment advisers Investment of public funds Investments Judges Judicial compensation Judicial ethics Labor contracts Law Leave of absence Legal education Liability (Law) Life insurance Local employees Magistrates Married people Medical education Medical personnel Miners Paramedical personnel Partnerships Payroll deductions Pension Benefit Guaranty Corporation Pension funds Pension portability Pension trust guaranty insurance Police Railroad retirement plans Real property Recall of officials Removal of officials Saving and investment Scholarships School districts Science, Technology, Communications Securities Securities regulation Severance pay Small business State employees Stockholders Survivors' benefits Tax courts Tax deductions Tax exclusion Tax penalties Tax returns Tax-deferred compensation plans Tax-exempt organizations Taxation Teacher salaries Teachers Transportation and Public Works Trusts and trustees Unemployment insurance Valuation Wages Web sites Withholding tax Labor and Employment 00 2005-01-31 Introduced in Senate 2005-02-18T22:34:00Z National Employee Savings and Trust Equity Guarantee Act of 2005- Amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to require defined contribution plans to allow employees to divest employer stock and diversify their pension asset investments.

Revises requirements relating to: (1) information to assist pension plan participants; (2) protection of plan participants; (3) pension plan funding and deductions; (4) the Pension Benefit Guaranty Corporation (PBGC); (5) replacement of the interest rate of 30-year treasury securities for purposes of funding, PBGC premium rates, and calculating lump-sum distributions; (6) portability and distribution rules; (7) the Employee Plans Compliance Resolution System; (8) spousal pension protection, including spousal consent for distributions from defined contribution plans and division of pension benefits upon divorce; (9) railroad retirement; (10) joint and survivor annuity benefits; and (11) compensation and pensions of Tax Court judges.

]]> National Employee Savings and Trust Equity Guarantee Act of 2005 Short Titles as Introduced National Employee Savings and Trust Equity Guarantee Act of 2005 Popular Titles Pension Reform bill 9 Library of Congress Display Title National Employee Savings and Trust Equity Guarantee Act of 2005 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to protect the retirement security of American workers by ensuring that pension assets are adequately diversified and by providing workers with adequate access to, and information about, their pension plans, and for other purposes. Introduced in Senate 2005-01-31T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s219is/xml/BILLS-109s219is.xml 2005-01-31 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.