HR 5424 · 109th Congress · Labor and Employment
To allow certain existing retirement plans maintained by churches to continue to provide annuities directly to participants rather than through an insurance company.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Sponsor introductory remarks on measure. (CR E894-895)(2006-05-19)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (7)
1 Democrat6 Republicans