Pension Opportunities for Women's Equality in Retirement Act

[AI summary unavailable — showing source text] Pension Opportunities for Women's Equality in Retirement Act - Title I: Expanding Coverage - Amends the Internal Revenue Code to increase the$90,000 limit on defined benefit plans to $160,000. Changes the age from which such limit will be reduced from the social security retirement age to 62 and the age from which the limit will be increased from the social security retirement age to 65. Increases the $30,000 limit for defined benefit contribution plans to $40,000. Increases the $150,000 compensation limit to $200,000. Increases the elective deferral limit to $15,000. (Sec. 102) Provides that elective deferrals shall not be taken into account for purposes of limits on certain plan contributions. (Sec. 103) Revises the definition of compensation, for purposes of the deduction rules, to include salary reduction amounts treated as a participant's compensation. (Sec. 104) Provides for optional treatment of elective deferrals as plus contributions. (Sec. 105) Increases the contribution limit for an individual retirement plan (IRA) until it reaches $5,000 in 2006 and provides a cost-of-living adjustment. Title II: Enhancing Fairness for Women - Provides that individuals who have attained…