H.R.5676: Retirement Plan Modernization Act

Overview

The Retirement Plan Modernization Act (H.R. 5676) would amend the Employee Retirement Income Security Act of 1974 (ERISA) to increase the amount of accrued benefits in a pension plan that may be immediately distributed without the consent of the participant from $5,000 to $8,000. The bill also requires the increased limit to be adjusted for inflation after 2019.

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Contact Your Members of Congress

Our Stance

Watching

Priority

Low

Bill Number

H.R.5676

Date Introduced

January 24, 2020

Committee

House Ways and Means Committee

Bill Status

Introduced or Prefiled

Sponsor

Del. Gregorio Kilili Camacho Sablan

Co Sponsors