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Retirement Fairness: Enhancing 403(b) Plans for Non-Profits and Education

This act aims to simplify access to 403(b) retirement plans for employees of charities, educational institutions, and government entities. The changes are designed to increase the flexibility and availability of these plans, potentially impacting the financial security of many individuals in retirement. Employers will have more freedom in offering diverse investment options while ensuring oversight of their selection.
Key points
Expands investment options within 403(b) retirement plans, potentially giving employees more choices for retirement savings.
Requires employers or plan fiduciaries to approve investment alternatives offered, aiming to increase security and transparency.
Makes it easier for non-profit organizations, schools, and government entities to offer 403(b) retirement plans to their employees.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_424
Sponsor: Sen. Britt, Katie Boyd [R-AL]
Process start date: 2025-02-05
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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

Retirement Fairness for Charities and Educational Institutions Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_424.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-05.

What are the main provisions?

Key points include:

  • Expands investment options within 403(b) retirement plans, potentially giving employees more choices for retirement savings.
  • Requires employers or plan fiduciaries to approve investment alternatives offered, aiming to increase security and transparency.
  • Makes it easier for non-profit organizations, schools, and government entities to offer 403(b) retirement plans to their employees.
What is the specific legal status?

The current status is Introduced.

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. Britt, Katie Boyd [R-AL].

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 2025-12-23.

CATEGORIES

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