HR.4143 Extension of Section 420 and Retiree Life Insurance Act of 2012
To amend the Internal Revenue Code of 1986 to extend the period during which transfers of excess pension assets may be made to retiree health accounts and to provide for the transfer of such assets to retiree group term life insurance accounts.
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Summary:
3/5/2012--Introduced.Extension of Section 420 and Retiree Life Insurance Act of 2012 - Amends the Internal Revenue Code to: (1) extend through 2021 the authority for transfers of excess pension assets of a defined benefit plan to a retiree health benefits account, and (2) allow the transfer of excess pension assets of a defined benefit plan to a retiree group term life insurance account.
Actions:
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Ways and Means
Referred to House Education and the Workforce
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