Proposal:Increasing Access to a Secure Retirement Act of 2019

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 1439
Type of Legislation	House Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

Increasing Access to a Secure Retirement Act of 2019

This bill specifies optional measures that a fiduciary for a pension plan may take in selecting an insurer for a guaranteed retirement income contract to assure that the fiduciary meets the prudent man standard of care required under the Employee Retirement Income Security Act of 1974 (ERISA).

A "guaranteed retirement income contract" is an annuity contract for a fixed term or a contract (or provision or feature thereof) which provides guaranteed benefits annually (or more frequently) for at least the remainder of the life of the participant or joint lives of the participant and the participant's designated beneficiary as part of a defined contribution plan.

Bill Title

Increasing Access to a Secure Retirement Act of 2019

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-02-28: Referred to the House Committee on Education and Labor.
• 2019-02-28: Introduced in House
• 2019-02-28: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.