H.R. 5424 · 109th Congress
To allow certain existing retirement plans maintained by churches to continue to provide annuities directly…
Full title
To allow certain existing retirement plans maintained by churches to continue to provide annuities directly to participants rather than through an insurance company.
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
SouderSponsor7 cosponsors · 1 D, 6 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Provides that annuity payments from qualified church plans that otherwise meet specified distribution requirements for money purchase pension plans under the Internal Revenue Code shall not fail to satisfy qualified trust distribution requirements merely because the payments are not made under an annuity contract purchased from an insurance company.
What it does: CRS summary · Introduced in House · May 18, 2006
Provides that annuity payments from qualified church plans that otherwise meet specified distribution requirements for money purchase pension plans under the Internal Revenue Code shall not fail to satisfy qualified trust distribution requirements merely because the payments are not made under an annuity contract purchased from an insurance company.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To allow certain existing retirement plans maintained by churches to continue to provide annuities directly to participants rather than through an insurance company.
Latest action (May 19, 2006): Sponsor introductory remarks on measure. (CR E894-895)
Policy area: Labor and Employment · Origin: House · Introduced: May 18, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.