legislation: 97-s-3030
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| 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 |
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| 97-s-3030 | 97 | s | 3030 | A bill to amend the Internal Revenue Code of 1954 to allow an employer to provide participants in a defined benefit plan with supplemental retirement benefits through a defined contribution plan of the employer. | Labor and Employment | 1982-10-01 | 1982-10-13 | Committee on Finance requested executive comment from OMB; Treasury Department; Health and Human Services Department; Labor Department. | Senate | Sen. Chafee, John H. [R-RI] | RI | R | C000269 | 1 | Amends the Internal Revenue Code to allow an employer to provide participants in a defined benefit plan with supplemental retirement benefits through a defined contribution plan of the employer. Sets forth requirements for such plans. Sets forth eligibility requirements for participants in such plans. Limits the amount of such supplemental benefits to three percent of the primary retirement benefit. Allows an employer to make contributions contingent upon profits. Allows a tax deduction to employers making contributions to such supplemental retirement benefit arrangements. | 2023-05-11T13:18:16Z |