Receiving Electronic Statements To Improve Retiree Earnings Act
Latest action · Dec 19, 2018 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 19, 2018
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Receiving Electronic Statements To Improve Retiree Earnings Act
This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to authorize the electronic delivery of pension plan documents required to be furnished to a plan participant, beneficiary, or other individual.
The system for furnishing such a document must: (1) be designed to result in effective access to the document, (2) permit the recipient to select the electronic means through which the document is received or request paper documents, and (3) protect the confidentiality of personal information.
An annual paper notice must be provided describing:
- the selection of electronic means for furnishing documents,
- the right to modify the selection or to elect to receive paper versions of the documents at no additional direct cost and how to make the election, and
- any election that has been made to receive paper documents.
An electronically furnished document must be prepared and furnished in a manner that is consistent with the style, format, and content requirements for the document. It must also include a notice that apprises the individual of the significance of the document when it is not otherwise reasonably evident as transmitted.
Cosponsors 5
Members who signed on, in the order they did. All signed on Dec 19, 2018.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-AL | Doug Jones | Original | Dec 19, 2018 |
| D-MI | Gary C. Peters | Original | Dec 19, 2018 |
| R-GA | Johnny Isakson | Original | Dec 19, 2018 |
| R-WY | Michael B. Enzi | Original | Dec 19, 2018 |
| R-OH | Rob Portman | Original | Dec 19, 2018 |
Actions 2
Everything that happened, newest first.
- Dec 19, 2018Introduced in Senate
- Dec 19, 2018Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4610 | Receiving Electronic Statements To Improve Retiree Earnings Act | Identical bill | Dec 11, 2017 |
Subjects
Assigned by the Library of Congress. Policy area: Labor and Employment.
Text 1
Each version as it was printed, newest first.
- Dec 19, 2018Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.