Congress 107 - HR 5558 - Retirement Savings and Security Act of 2002

Sponsor

Cosponsors

Topics

Civil Service pensions Defined benefit pension plans Government Operations and Politics Income tax Individual retirement accounts Labor and Employment Local employees Pension funds Personal income tax Retirement age Social Welfare State employees Tax deductions Tax-deferred compensation plans Tax-exempt organizations Taxation

Full Text

View Full Bill Text

Votes

Summary

Retirement Savings and Security Act of 2002 - Amends the Internal Revenue Code to accelerate, to 2003, increases to: (1) the $5,000 deductible IRA limit; and (2) the $15,000 elective deferral and the State, local, and tax-exempt organizations' plan limits, the $10,000 SIMPLE plan limit, and catch-up contribution limits.

Increases incrementally, from the current of age 70 1/2 to age 75 starting in 2007, the required beginning date for distributions from qualified plans.

Actions

Oct 10, 2002

Placed on the Union Calendar, Calendar No. 457.
Oct 10, 2002

Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-733.
Oct 8, 2002

Ordered to be Reported (Amended).
Oct 8, 2002

Committee Consideration and Mark-up Session Held.
Oct 7, 2002

Referred to the House Committee on Ways and Means.
Oct 7, 2002

Introduced in House

Amendments

Related Bills