S 1700 · 98th Congress · Labor and Employment

Womens Economic Parity Act of 1983

Introduced 1983-07-28· Sponsored by Sen. Hawkins, Paula [R-FL]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB, Treasury Department, Labor Department.(1983-08-02)

Plain Language Summary

[AI summary unavailable — showing source text] Women's Economic Parity Act of 1983 - Title I: Equitable Treatment of Spouses Under Private Pension Plans - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to require that a retirement plan that provides an annuity to a participant with at least ten years of creditable service shall provide a survivor's annuity for the spouse of a participant who dies before the annuity starting date in an amount not less than the amount that would have been made under the survivor's annuity if the participant had survived and retired on such annuity date. Provides that a participant's election not to take a joint and survivor's annuity shall not be effective unless the spouse of the participant consents in writing to such an election. Requires a retirement plan to treat an individual who was the spouse of the participant on the annuity starting date, and who survives the participant, as if such individual were the participant's spouse on the date of death, whether or not divorced after the annuity starting date. Subjects benefit payments to specified domestic relations orders and establishes procedural guidelines under which a plan administrator pay…

Summarized by Claude AI · Non-partisan · For informational purposes only