3.0.0 1703 2023-03-08T19:57:57Z 2023-03-08T19:57:57Z Senate S 2021-05-19 117 ssfi00 Finance Committee Senate Standing Referred to 2021-05-19T18:10:01Z Securing a Strong Retirement Act of 2021 117 2954 HR 2022-03-30 Received in the Senate and Read twice and referred to the Committee on Finance. Related bill CRS 2021-05-19 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-05-19 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2021-05-19 True L000575 Sen. Lankford, James [R-OK] James Lankford R OK 2021-05-19 True Taxation Administrative law and regulatory procedures Business education Department of the Treasury Employee benefits and pensions Government information and archives Income tax credits Licensing and registrations Securities Small business Tax-exempt organizations Taxation 00 2021-05-19 Introduced in Senate 2021-07-26T15:12:48Z Improving Access to Retirement Savings Act

This bill allows employers who establish a tax-exempt 403(b) pension plan to participate in a multiple employer plan (MEP) and to take the small employer pension plan start-up tax credit for their first three years of participation in a MEP.

The bill also establishes a safe harbor to allow certain pension plans to correct errors in administering automatic enrollment and escalation features for plans enrolling in a MEP, if such errors are corrected within a specified time period in a manner favorable to plan participants. It also permits employers that amend a stock bonus, pension, profit sharing, or annuity plan for a previous plan year to increase benefits accruals to elect to treat such amendment as having been adopted at the end of the current plan year.

]]> Improving Access to Retirement Savings Act Display Title Improving Access to Retirement Savings Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to increase retirement savings, to improve retirement plan administration, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Improving Access to Retirement Savings Act Introduced in Senate IS Introduced in Senate 2021-05-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1703is/xml/BILLS-117s1703is.xml 2021-05-19 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.