29 U.S.C. § 1309 — Portability assistance
submitted 52 years ago by Pub. L. 93-406 to r/title-29-LABOR · 74 words · no verdicts yet
The corporation must advise people about the financial desirability of individual retirement accounts and other deductible retirement savings, including whether to transfer qualified-plan amounts after leaving an employer.
The corporation must advise and assist individuals in evaluating whether it is financially desirable to establish individual retirement accounts or other individual retirement savings for which section 219 of title 26 allows a deduction. It must also advise them about whether, in particular cases, it is desirable to transfer amounts representing an employee’s interest in a qualified plan to such an account when the employee separates from service with an employer.
The corporation shall provide advice and assistance to individuals with respect to evaluating the economic desirability of establishing individual retirement accounts or other forms of individual retirement savings for which a deduction is allowable under section 219 of title 26 and with respect to evaluating the desirability, in particular cases, of transferring amounts representing an employee’s interest in a qualified plan to such an account upon the employee’s separation from service with an employer.
Source credit: (Pub. L. 93–406, title IV, § 4009, Sept. 2, 1974, 88 Stat. 1014; Pub. L. 101–239, title VII, § 7891(a)(1), Dec. 19, 1989, 103 Stat. 2445.)
- 1974Enacted · Pub. L. 93-406 · 88 Stat. 1014
- 1989Amended · Pub. L. 101-239 · 103 Stat. 2445
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-406 on 1974-09-02.
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