Retirement Income Policy Act of 1985

[AI summary unavailable — showing source text] Retirement Income Policy Act of 1985 - Sets forth national retirement income policy goals. Title I: Amendments to the Employee Retirement Income Security Act of 1974 - Subtitle A: Participation Requirements - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to add definitions which distinguish between "retirement plans" and "nonretirement savings plans." Defines a retirement plan as a pension plan which meets the retirement income requirements established by this Act. Defines a nonretirement savings plan as any pension plan which is not a retirement plan as defined in this Act. Prohibits conversion of a retirement plan to a nonretirement savings plan. Sets forth retirement income requirements for retirement plans. Permits retirement plans to distribute the accrued benefits to the participant upon the participant's disability or death or separation from service, under certain conditions. Prohibits such distribution upon separation from service unless: (1) the participant is at least 59 1/2 years old; or (2) (if the participant is younger than 59 1/2 years old) the distribution is in one of the described retirement income forms. Requires that retirement plan distrib…