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Easier Retirement Plan Access for Long-Term Part-Time Employees.

This bill reduces the required service period for long-term, part-time employees to join company retirement plans. Instead of three years, only two years of service will now be needed, making it easier for them to save for their future. This change aims to improve access to retirement benefits for part-time workers.
Key points
Reduced service requirement from three to two years for part-time employees to participate in retirement plans.
More part-time workers will gain access to employer-sponsored retirement savings.
The changes are retroactive, potentially covering previous periods of employment.
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Additional Information
Print number: 117_HR_2944
Sponsor: Rep. Sewell, Terri A. [D-AL-7]
Process start date: 2021-04-30
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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

To amend the Internal Revenue Code of 1986 to reduce the retirement plan period of service requirements for long-term, part-time employees.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2944.

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 2021-04-30.

What are the main provisions?

Key points include:

  • Reduced service requirement from three to two years for part-time employees to participate in retirement plans.
  • More part-time workers will gain access to employer-sponsored retirement savings.
  • The changes are retroactive, potentially covering previous periods of employment.
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. Sewell, Terri A. [D-AL-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

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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