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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Introduced
 
House
Passes
 
Senate
Passes
 
President
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06/07/09
 
 
 
 
 
 
 

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 employee

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 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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Recent News Coverage

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06/08/09
Legislation Provides Incentives for Annuitizing Distributions

The Retirement Security Needs Lifetime Pay Act, HR 2748, would encourage workers to annuitize some of their retirement savings by providing a 50% tax ...

Source: Planadviser.com
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Recent Blog Coverage

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10/23/11
H.R.2748: Smart Electronics Act - U.S. Congress - OpenCongress

Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. ...

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12/18/10
7 Markets in 2011: Industry Experts Predict the Future - Life ...

The potential change in the balance of power in Washington may create opportunities for resurrecting two bills — The Retirement Security Needs Lifetime Pay Act (H.R. 2748) and the Lifetime Income Disclosure Act (S. 2832) — which ...

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12/05/10
2011 Annuity Market Predictions

The potential change in the balance of power in Washington may create opportunities for resurrecting two bills – The Retirement Security Needs Lifetime Pay Act (HR 2748) and the Lifetime Income Disclosure Act (S. ...

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