Retirement Security Act of 2015

Summary

Retirement Security Act of 2015 Directs the Secretary of the Treasury to: (1) prescribe final regulations to permit employers to participate in multiple employer pension benefit plans, (2) promulgate regulations or other guidance to simplify and clarify rules relating to the timing of participant notices required under tax-preferred pension plans and the automatic escalation rules, and (3) modify the 1040EZ tax return form to allow taxpayers to claim the tax credit for retirement savings (saver's credit) on such form. Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code, with respect to employer pension benefit plans, to: (1) allow employers to maintain a tax-exempt multiple employer pension benefit plan even if the employers sponsoring the plan share no common interest, (2) modify requirements for secure deferral arrangements with respect to nondiscrimination and employer matching contributions, and (3) allow employers with not more than 100 employees a business-related tax credit to cover increased matching contributions required by this Act.

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Timeline

1. 27 January 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.

   Source: IntroReferral

2. 27 January 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.

   Source: IntroReferral

3. 27 January 2015

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 January 2015

   Introduced

   Introduced in House

   Source: IntroReferral

5. 29 April 2015

   Referred

   Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 January 2015 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 January 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 January 2015

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 January 2015

  Open at official source

Sponsors

• Vern Buchanan · R · Sponsor
• RON KIND · D · Sponsor
• Rep. Smith, Jason [R-MO-8] · R · Cosponsor
• · hsed00 · Standing
• · hswm00 · Standing

Related records

• related to → Retirement Security Act of 2015
• related to ← SAVE Act of 2015