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S 988119th CongressIntroduced
Women's Retirement Protection Act
Introduced: Oct 29, 2025
Economy & TaxesLabor & EmploymentSocial Services
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Women's Retirement Protection Act amends ERISA and the Internal Revenue Code to mandate spousal consent for retirement plan distributions, establishes financial literacy grants for women, and assists low-income women and domestic violence survivors in securing retirement benefits via qualified domestic relations orders.
Key Points
- 1Requires spousal consent for withdrawals from defined contribution plans unless specific exceptions apply.
- 2Authorizes $100 million annually for financial literacy programs targeting women's retirement security.
- 3Provides grants to aid low-income women and domestic violence survivors in obtaining QDROs for retirement benefits.
Impact Areas
Married individuals with retirement plansWomen nearing retirementLow-income womenDomestic violence survivorsRetirement plan administrators
Generated by gpt-3.5-turbo on Nov 7, 2025