Summary: H.R.5365 — 108th Congress (2003-2004)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Public Law No: 108-476 (12/21/2004)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Provides that any retirement plan maintained by the Young Men's Christian Association (YMCA) Retirement Fund as of January 1, 2003, shall be treated as a church plan under provisions relating to tax-exempt pension and other employee benefit plans of the Internal Revenue Code.

Exempts YMCA retirement plans from certain limitations applicable to church plans. Allows YMCA retirement plans to qualify for tax treatment as money purchase pension plans and church self-funded death benefit plans.