H.R. 518 · 108th Congress
Retirement Account Portability Improvement Act of 2003
- Stage
- In committee
- Sponsor
- Earl Pomeroy
- Introduced
- 2003-01-31
- Latest action
- 2003-03-03 · Referred to the Subcommittee on Employer-Employee Relations.
Summary
Retirement Account Portability Improvement Act of 2003 - Amends the Internal Revenue Code to increase portability among retirement plans by, among other things: (1) increasing rollover opportunities; (2) providing for faster vesting of employer nonelective contributions; and (3) elimination of the higher penalty on certain SIMPLE distributions.