3.0.0 145 2023-01-11T13:20:47Z 2023-01-11T13:20:47Z Senate S S 2011-01-25 112 ssfi00 Finance Committee Senate Standing Referred to 2011-01-25T22:20:04Z 2011-01-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-01-25 Introduced in Senate IntroReferral 10000 9 Library of Congress K000305 Sen. Kohl, Herb [D-WI] HERBERT KOHL D WI H. N Taxation Aging Employee benefits and pensions Health care costs and insurance Health care coverage and access Income tax credits Wages and earnings Taxation 00 2011-01-25 Introduced in Senate 2011-02-04T20:34:18Z

Older Worker Opportunity Act of 2011 - Amends the Internal Revenue Code to allow employers who maintain a tax-qualified pension or retirement plan and who provide health insurance coverage a business-related tax credit for 25% of the first $6,000 of the wages of employees who have attained the age of 62 and who are participating in a formal flexible work program.

Defines "formal flexible work program" as a work program: (1) that consists of core and flex time; (2) whose core time does not exceed 20 hours per week, three days per week, or 1,000 hours per year; (3) that allows participation for at least one year; and (4) that does not permit a change or reduction in the health care or pension benefits of the participating employee.

]]> Older Worker Opportunity Act of 2011 Display Title Older Worker Opportunity Act of 2011 Official Title as Introduced A bill to promote labor force participation of older Americans with the goals of increasing retirement security, reducing the projected shortage of experienced workers, maintaining future economic growth, and improving the Nation's fiscal outlook. Introduced in Senate IS Short Titles as Introduced Older Worker Opportunity Act of 2011 Introduced in Senate 2011-01-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s145is/xml/BILLS-112s145is.xml 2011-01-25 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.