U.S. Congress - H.R.3656 Retirement Savings Security Act of 2011
H.R.3656 - Retirement Savings Security Act of 2011
To amend the Internal Revenue Code of 1986 to provide for death and disability protection for loans from qualified employer plans. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to provide for death and disability protection for loans from qualified employer plans. as introduced.
- Short: Retirement Savings Security Act of 2011 as introduced.
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Official Summary
12/13/2011--Introduced.Retirement Savings Security Act of 2011 - Amends the Internal Revenue Code to provide for a qualified participant loan protection arrangement to allow a participant or beneficiary who receives any amount as a loan from an eligible retirement plan (i.e., a qualified tOfficial Summary
12/13/2011--Introduced.Retirement Savings Security Act of 2011 - Amends the Internal Revenue Code to provide for a qualified participant loan protection arrangement to allow a participant or beneficiary who receives any amount as a loan from an eligible retirement plan (i.e., a qualified trust, an annuity plan, or an annuity contract) the option to obtain protection against death and disability through:(1) a group insurance policy issued to the plan for the sole purpose of providing participant and beneficiary loan death and disability insurance, or
(2) a debt protection product in which debt protection is provided through appropriate commercial contractual liability insurance.
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