H.R.2748 - Retirement Security Needs Lifetime Pay Act of 2009
To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments by excluding from income a portion of such payments. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments by excluding from income a portion of such payments. as introduced.
- Short: Retirement Security Needs Lifetime Pay Act of 2009 as introduced.
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Official Summary
6/8/2009--Introduced.Retirement Security Needs Lifetime Pay Act of 2009 - Amends the Internal Revenue Code to: (1) allow an exclusion from gross income for 50% of lifetime income payments from certain annuity contracts, up to $10,000; (2) exclude longevity insurance benefits from employeeOfficial Summary
6/8/2009--Introduced.Retirement Security Needs Lifetime Pay Act of 2009 - Amends the Internal Revenue Code to:(1) allow an exclusion from gross income for 50% of lifetime income payments from certain annuity contracts, up to $10,000;
(2) exclude longevity insurance benefits from employee benefit plan minimum distribution requirements; and
(3) allow a tax exclusion for amounts received as an annuity under any portion of an annuity, endowment, or life insurance contract.
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U.S. Congress - H.R.2748 Retirement Security Needs Lifetime Pay Act of 2009



