[20030528]RS21531_养老金改革：2003年养老金保护和储蓄扩张法案.pdf

Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21531May 28, 2003Pension Reform: The Pension Preservationand Savings Expansion Act of 2003Patrick PurcellSpecialist in Social LegislationDomestic Social Policy DivisionSummaryH.R. 1776 (Portman/Cardin), the Pension Preservation and Savings Expansion Actwas introduced April 11, 2003. Provisions of the bill would make permanent thepension provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001(EGTRRA), which otherwise expire after 2010, and accelerate the scheduled increasesin contribution limits to individual retirement accounts and employer-sponsored plansthat were included in the EGTRRA of 2001. The bill also would expand and makepermanent a non-refundable tax credit for low- and moderate-income individuals whocontribute to a qualified retirement plan. It would replace the interest rate on 30-yearTreasury bonds as the rate used by defined benefit plans to calculate funding ratios andlump-sum distribution amounts. It would allow retirees to use distributions from aretirement plan to pay premiums for employer-based health insurance on a pre-tax ba