To allow certain existing retirement plans maintained by churches to continue to provide annuities directly to participants rather than through an insurance company.
About This Bill
Introduced
Latest Action · May 19, 2006
Sponsor introductory remarks on measure. (CR E894-895)
Provides that annuity payments from qualified church plans that otherwise meet specified distribution requirements for money purchase pension plans under the Internal Revenue Code shall not fail to satisfy qualified trust distribution requirements merely because the payments are not made under an annuity contract purchased from an insurance company.
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