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Pension Security Review: Protecting Employee Retirement Benefits

This act requires the Department of Labor to review rules for selecting annuity providers for pension plans. The goal is to ensure current regulations adequately protect employees' retirement savings and assess any risks. Citizens can expect increased confidence in the security of their future pension benefits.
Key points
The Department of Labor will review rules for choosing insurance companies for pensions to ensure safety.
A report will assess risks to pension plan participants and suggest any necessary changes.
The aim is to enhance the protection of employees' retirement funds.
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Expired
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Additional Information
Print number: 117_HR_5877
Sponsor: Rep. Mrvan, Frank J. [D-IN-1]
Process start date: 2021-11-04
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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

Pension Risk Transfer Accountability Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5877.

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 2021-11-04.

What are the main provisions?

Key points include:

  • The Department of Labor will review rules for choosing insurance companies for pensions to ensure safety.
  • A report will assess risks to pension plan participants and suggest any necessary changes.
  • The aim is to enhance the protection of employees' retirement funds.
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. Mrvan, Frank J. [D-IN-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Labor Benefits