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Pension Safety: New Rules for Annuity Provider Selection in Retirement Plans.

This Act aims to enhance the security of citizens' retirement funds. It requires the Secretary of Labor to review rules for selecting insurance companies for pension plans, better protecting participants from risk. Citizens can expect greater certainty regarding their future retirement benefits.
Key points
Mandates a review of current rules for selecting annuity providers for pension plans to assess their safety.
Requires a report to Congress assessing risks to pension plan participants, potentially leading to better protection of their savings.
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Expired
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Additional Information
Print number: 117_S_3746
Sponsor: Sen. Murphy, Christopher [D-CT]
Process start date: 2022-03-03
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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_S_3746.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-03.

What are the main provisions?

Key points include:

  • Mandates a review of current rules for selecting annuity providers for pension plans to assess their safety.
  • Requires a report to Congress assessing risks to pension plan participants, potentially leading to better protection of their savings.
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 Sen. Murphy, Christopher [D-CT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Labor Benefits