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Easier 403(b) Retirement Plans for Public Service Workers

This act aims to simplify investments in 403(b) retirement plans, commonly used by public sector and non-profit employees. The changes will allow for a broader range of investment options, potentially increasing flexibility and returns on retirement savings. These changes apply to amounts invested after December 31, 2020.
Key points
Expands investment options for 403(b) retirement plans, allowing a wider variety of funds.
Simplifies rules for these plans by removing certain restrictions, potentially making retirement savings easier to manage.
Increases flexibility for public and non-profit employees in managing their future retirement benefits.
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Expired
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Additional Information
Print number: 117_HR_2741
Sponsor: Rep. Panetta, Jimmy [D-CA-20]
Process start date: 2021-04-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Public Service Retirement Fairness Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2741.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-21.

What are the main provisions?

Key points include:

  • Expands investment options for 403(b) retirement plans, allowing a wider variety of funds.
  • Simplifies rules for these plans by removing certain restrictions, potentially making retirement savings easier to manage.
  • Increases flexibility for public and non-profit employees in managing their future retirement benefits.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Panetta, Jimmy [D-CA-20].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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