Women’s Retirement Protection Act of 2019
- Last Action
- 4/1/2019
Actions
- 2019-04-01Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-04-01Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-04-01Introduced in House
- 2019-04-01Introduced in House
CRS Summary
As of 2019-04-01 (00)
Women's Retirement Protection Act of 2019
This bill modifies the requirements for pension plans under the Employee Retirement Income Security Act of 1974 (ERISA) to (1) extend spousal consent requirements that currently apply to defined benefit pension plans to defined contribution pension plans, and (2) allow certain long-term part-time workers to participate in pension plans that include either a qualified cash or deferred arrangement or a salary reduction agreement.
Financial product or service providers who sell retirement financial products or services must provide purchasers of their products or services an easily accessible link to the website of the Consumer Financial Protection Bureau to obtain information relating to retirement planning or later life economic security.
The Women's Bureau of the Department of Labor shall award grants to certain community-based organizations to (1) improve the financial literacy of women who are working age or in retirement, and (2) assist low-income women and survivors of domestic violence in obtaining qualified domestic relations orders and the benefits they are entitled to through the orders.
Cosponsors (3)
- JANICE SCHAKOWSKY (D-IL)
- Donald Norcross (D-NJ)
- Suzanne Bonamici (D-OR)
Subjects
- Civil actions and liability
- Consumer affairs
- Crime victims
- Crimes against women
- Domestic violence and child abuse
- Employee benefits and pensions
- Family relationships
- Financial literacy
- Financial services and investments
- Government information and archives
- Separation, divorce, custody, support
- Temporary and part-time employment
- Women's employment
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.