H.R.7026 - Women's Pension Protection Act of 2018115th Congress (2017-2018)
|Sponsor:||Rep. Schakowsky, Janice D. [D-IL-9] (Introduced 10/02/2018)|
|Committees:||House - Education and the Workforce; Financial Services|
|Latest Action:||House - 10/02/2018 Referred to the Committee on Education and the Workforce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: H.R.7026 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (10/02/2018)
Women's Pension Protection Act of 2018
This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) extend spousal consent requirements that currently apply to defined benefit pension plans to defined contribution pension plans, and (2) allow certain long-term part-time workers to participate in pension plans that include either a qualified cash or deferred arrangement or a salary reduction agreement.
Financial product or service providers who sell retirement financial products or services must provide purchasers of their products or services an easily accessible link to the website of the Consumer Financial Protection Bureau to obtain information relating to retirement planning or later life economic security.
The Women's Bureau of the Department of Labor shall award grants to certain community-based organizations to: (1) improve the financial literacy of women who are working age or in retirement, and (2) assist low-income women and victims of domestic violence in obtaining qualified domestic relations orders and the benefits they are entitled to through the orders.