Retirement Income Incentives and Administrative Simplification Act of 1979

[AI summary unavailable — showing source text] Retirement Income Incentives and Administrative Simplification Act of 1979 - Sets forth the findings and policies of this Act, including: (1) the consolidation in a single independent agency of certain administrative, regulatory, and policymaking functions relating to employee benefit plans; (2) the establishment of a national policy to encourage savings to meet the needs of employees and their families in the event of death, disability, or retirement; and (3) the clarification and simplification of certain provisions of the Employee Retirement Income Security Act of 1974 and of the Internal Revenue Code relating to employee benefit plans. Title I: Employee Benefit Administration - Amends the Employee Retirement Income Security Act (ERISA) to direct the President to establish by the beginning of the third calendar year after enactment the Employee Benefit Administration as an independent agency within the executive branch to be headed by a five member Board of Directors. Creates two new positions, entitled "special liaison officer to the Administration," one within the Department of Labor and one within the Department of the Treasury, to serve as directors. Provides that the remain…