A bill to amend the Internal Revenue Code of 1986 to allow a one-time election of the interest rate to be used to determine present value for purposes of pension cash-out restrictions, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

18 September 1995

Last action

—

Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to allow a pension plan to make an irrevocable election regarding the interest rate (within a specified minimum and maximum) to be used in determining present value for purposes of provisions relating to restrictions on cash-outs. Modifies provisions limiting certain assumptions relating to annual benefit limitations for defined benefit plans.

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Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 18 September 1995
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Introduced in Senate (PDF)
Introduced in Senate · EN · 18 September 1995
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Introduced in Senate
summary · EN · 18 September 1995
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Sources

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Official source: https://www.congress.gov/bill/104th-congress/senate-bill/1258
Open data entity: https://api.congress.gov/v3/bill/104/s/1258