legislation: 109-s-3715

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-s-3715 109 s 3715 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. Labor and Employment 2006-07-24 2006-07-26 Sponsor introductory remarks on measure. (CR S8261-8262) Senate Sen. Snowe, Olympia J. [R-ME] ME R S000663 0 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. 2023-01-12T17:52:28Z  

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