Retirement Benefit Fund Act

[AI summary unavailable — showing source text] Retirement Benefit Fund Act - Title I: Retirement Benefit Funds - Establishes a Retirement Fund Division within the Securities and Exchange Commission to supervise retirement benefit funds according to the terms of this Act. Requires that applications to be authorized to operate as a retirement fund be filed with the Commission. Specifies information which must be included in such applications. Directs the Commission, in reviewing applications, to pay particular attention to (1) the financial condition of the persons affiliated with the applicant; (2) the demonstrated expertise of such persons; and (3) the demand for fund services. Instructs the Commission to issue a license to operate a fund upon finding that the interests of employees and the public would be served thereby. Stipulates that licenses so issued shall be for the term of 12 years and renewable. Prohibits funds from being affiliated with any bank, insurance company, or other financial institution. Directs the Commission to hold a license revocation or renewal hearing if it has grounds to believe that continued operation of a fund by a licensee is likely to jeopardize the actual or potential pension benefits of particip…