H.R. 3445 — Retirement Enhancement Act of 2001

Summary

Retirement Enhancement Act of 2001 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to revise or provide pension plan requirements for: (1) plan coverage and participation, defined contribution plan benefit vesting, and simplified pension plans; (2) various pension protections for spouses (under both ERISA and the Civil Service Retirement Spouse Equity Act of 1984); (3) simplified investment standards, including disclosure regarding investments and voting of proxies, diversification in defined contribution investments, diversification of investments under employee stock ownership plans by participants and beneficiaries over 55 years of age; (4) pension information reporting and enforcement for defined benefit plans and multiemployer plans; and (5) various pension protections for a changing workforce, including pension plan qualified loans for health insurance and job training expenses of participants or beneficiaries, immediate distributions if rolled over to qualified plans, prompt distributions from defined contribution plans upon termination of participants' covered employment, and an extended period for recoupment of overpayments.

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Legislative Actions

2001-12-11
Introduced in House
2001-12-11
Introduced in House
2001-12-11
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Armed Services, and Government Reform, 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.
2001-12-11
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Armed Services, and Government Reform, 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.
2001-12-11
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Armed Services, and Government Reform, 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.
2001-12-11
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Armed Services, and Government Reform, 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.
2001-12-13
Sponsor introductory remarks on measure. (CR E2304)
2002-01-15
Referred to the Subcommittee on the Civil Service and Agency Organization.
2002-01-28
Executive Comment Requested from DOD.
2002-01-28
Referred to the Subcommittee on Military Personnel.
2002-04-05
Referred to the Subcommittee on Employer-Employee Relations.

Retirement Enhancement Act of 2001

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Summary

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