A bill to clarify the status of the Young Woman's Christian Association Retirement Fund as a defined contribution plan for certain purposes.
YWCA Retirement Plan Preservation Act of 2006 - Treats a specified pension plan maintained by the Young Women's Christian Association Retirement Fund as a defined contribution plan for purposes of prohibitions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Age Discrimination in Employment Act of 1967 against employee pension benefit plans requiring or permitting the cessation or reduction of allocations to an employee's account because of age.
Applies this Act to any civil action brought on or after September 21, 2006, alleging an age discrimination violation occurring before June 29, 2005.
Referred to the Subcommittee on Employer-Employee Relations.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S9900-9901)
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S9901)
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