Bill
Bill > HR2944
US HR2944
US HR2944To amend the Internal Revenue Code of 1986 to reduce the retirement plan period of service requirements for long-term, part-time employees.
summary
Introduced
04/30/2021
04/30/2021
In Committee
04/30/2021
04/30/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to reduce the retirement plan period of service requirements for long-term, part-time employees.
AI Summary
This bill amends the Internal Revenue Code of 1986 to reduce the retirement plan period of service requirement for long-term, part-time employees from 3 years to 2 years. It also clarifies that prior service can be counted towards the vesting rules under section 401(k) of the Internal Revenue Code. The amendments made by this bill will take effect as if they were included in the enactment of the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, which previously established the 3-year service requirement for long-term, part-time employees to participate in retirement plans.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 04/30/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/2944/all-info |
| BillText | https://www.congress.gov/117/bills/hr2944/BILLS-117hr2944ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr2944/BILLS-117hr2944ih.pdf.pdf |
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