Lifetime Income For Employees Act
Summary
Lifetime Income For Employees Act This bill allows fiduciaries of pension plans to make default investment arrangements in annuity contracts upon providing certain notice to plan participants or beneficiaries and complying with certain prohibitions on liquidity restrictions.
- Last Action
- 6/9/2023
Actions
- 2023-06-09Referred to the House Committee on Education and the Workforce.
- 2023-06-09Introduced in House
- 2023-06-09Introduced in House
CRS Summary
As of 2023-06-09 (00)
Lifetime Income For Employees Act
This bill allows fiduciaries of pension plans to make default investment arrangements in annuity contracts upon providing certain notice to plan participants or beneficiaries and complying with certain prohibitions on liquidity restrictions.
Cosponsors (1)
- Tim Walberg (R-MI)
Sourced from Congress.gov (public domain).
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