MyRA Act

Summary

Making Your Retirement Accessible Act or the MyRA Act This bill amends the Internal Revenue Code to establish an employee retirement option known as a MyRA account. A MyRA account functions as a Roth Individual Retirement Account. An employee who elects to establish a MyRA account may contribute any portion of a tax refund or make automatic payroll contributions to the account. The funding of MyRA accounts is limited to retirement savings bonds issued by the Department of the Treasury with a specified interest rate and maturity date. The bill imposes a tax on any employer who fails to comply with the requirement for making direct deposits to a MyRA account of wages designated by an employee.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 August 2017

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• Introduced in House (PDF)

  Introduced in House · EN · 15 August 2017

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• Introduced in House

  summary · EN · 15 August 2017

  Open at official source

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