H.R. 6257 · 116th Congress
Public Service Retirement Fairness Act of 2020
- Stage
- In committee
- Sponsor
- Jimmy Panetta
- Introduced
- 2020-03-12
- Latest action
- 2020-03-12 · Introduced in House
Summary
Public Service Retirement Fairness Act of 2020
This bill expands the ability of 403(b) retirement plans (i.e., retirement plans designed for certain employees of public schools, nonprofits, and churches) to invest in collective investment trusts, which are groups of pooled investment assets held by a bank or trust company.