Search Results: keywords:"defined contribution plans"

  • S. 1381 — To amend title 11, United States Code, to improve protections for employees and retirees in business bankruptcies.
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    Status:Introduced in Senate
    Words:9,371

    S. 1381, titled the "Protecting Employees and Retirees in Business Bankruptcies Act of 2025," is designed to amend the United States Bankruptcy Code to safeguard employees and retirees when companies go bankrupt. It aims to improve recovery prospects for employees by...

    Simple Explanation

    The "Protecting Employees and Retirees in Business Bankruptcies Act of 2025" helps workers and retired folks when a company runs out of money by making sure they get paid first and stopping bosses from taking too much money during these tough times.

  • S. 988 — To amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans, and for other purposes.
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    Status:Introduced in Senate
    Words:4,637

    S. 988, titled the "Women's Retirement Protection Act," seeks to amend the Employee Retirement Income Security Act of 1974 to ensure greater spousal protection in defined contribution retirement plans. The bill introduces regulations that require spousal consent for most...

    Simple Explanation

    The Women's Retirement Protection Act is a plan to help married women be more secure with their retirement money by making sure they get their spouse's permission before taking out money from savings. It also wants to give women more knowledge about money and help those who might need it, like low-income women or those who've faced tough times, to make sure they're taken care of when they're older.