Pension Reform: The Pension Preservation and Savings Expansion Act of 2003

Publication Date: May 2003

Publisher: Library of Congress. Congressional Research Service

Author(s):

Research Area: Labor

Type:

Abstract:

H.R. 1776 (Portman/Cardin), the Pension Preservation and Savings Expansion Act, was introduced April 11, 2003. Provisions of the bill would make permanent the pension provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), which otherwise expire after 2010, and accelerate the scheduled increases in contribution limits to individual retirement accoutns and employer-sponsored plans that were included in the EGTRRA of 2001.