A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to provide for the treatment of eligible combined defined benefit plans and qualified cash or deferred arrangements.

Summary

Amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to establish a hybrid tax-exempt retirement plan to be known as an eligible combined plan, which is maintained by a small employer (having not more than 500 employees) and which combines features of a defined benefit plan and a qualified cash or deferred compensation arrangement. Sets forth benefit, contribution, vesting, and nondiscrimination requirements for such combined plans. Permits automatic contributions to such combined plans on behalf of employee participants.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 July 2006

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 July 2006

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 July 2006

  Open at official source

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