HR 2944
To amend the Internal Revenue Code of 1986 to reduce the retirement plan period of service requirements for long-term, part-time employees.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill changes a tax rule related to retirement plans for long-term, part-time employees. Currently, these employees must work for a company for at least three consecutive 12-month periods to qualify for tax-advantaged retirement plans. This bill lowers that requirement to just two consecutive 12-month periods, making it easier for companies to offer retirement plans to these workers. The changes are part of a larger retirement enhancement act.
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