S 3751
A bill to amend the Employee Retirement Income Security Act of 1964 and the Internal Revenue Code of 1986 to improve retirement plan coverage for part-time workers.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill modifies the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code to expand retirement plan coverage for part-time workers. Specifically, it reduces the amount of service an employer can require before a part-time employee is eligible for a retirement plan from three consecutive 12-month periods to two. It also allows employers to exclude part-time employees from certain plan rules and vesting requirements, offering greater flexibility in plan design. The changes aim to ensure more part-time workers have access to retirement savings options.
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Primary sponsor
Robert P., Jr. Casey
Cosponsor
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