Retirement Income Security for Employees Act

[AI summary unavailable — showing source text] Retirement Income Security for Employees Act - Declares it to be the policy of this Act to protect interstate commerce, and the equitable interests of participants in private pension plans and their beneficiaries, by improving the scope, administration and operation of such plans, by requiring pension plans to vest benefits in employees after equitable periods of service, by establishing minimum standards of fiduciary conduct, and by providing more appropriate and adequate remedies, sanctions, and ready access to the courts. Sets forth definitions of terms used in this Act. Title I: Organization - Provides that the Secretary of Labor shall have the responsibility to promote programs and plans for the establishment, administration, and operation of employee benefit plans. Requires the registration of such plans with the Secretary upon compliance with requirements set forth in this title. Authorizes the Secretary to undertake appropriate studies relating to pension and profit-sharing-retirement plans. Requires the Secretary to submit an annual report to Congress covering his activities under this Act. Authorizes to be appropriated such sums as may be necessary to enable the Secretary…