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H.R. 4823 105th Congress House

21st Century Retirement Savings Act

Official title: To amend the Internal Revenue Code of 1986 to provide for retirement savings for the 21st century.

Introduced: October 13, 1998 See on congress.gov
Labor and Employment AnnuitiesBusiness income taxCivil Service pensionsCommerce
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DamagesDefined benefit pension plansDefined contribution plansFinance and Financial SectorFinancial statementsFines (Penalties)Government Operations and PoliticsGovernment paperworkIncome taxIndividual retirement accountsLawLocal employeesPayroll deductionsPension fundsPension portabilitySmall businessState employeesTax creditsTax deductionsTax exclusionTax penaltiesTax-deferred compensation plansTax-exempt organizationsTaxationTrusts and trustees
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 13, 1998
Referred to House Education and the Workforce
Oct 13, 1998
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 13, 1998
Referred to House Ways and Means
Oct 13, 1998
Introduced in House
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 Latest action October 13, 1998

Referred to House Education and the Workforce

 Plain-English summary Congressional Research Service

TABLE OF CONTENTS:

Title I: New Employer Pension Plans Must Be 401(k) Plans and

Not 403(b) or 457 Plans

Title II: Safe Annuities and Trusts

Title III: Enhanced Portability of Retirement Plans

Title IV: Credit for Pension Plan Startup Costs of Small

Employers

Title V: Miscellaneous Improvements to Pension Plans

21st Century Retirement Savings Act - Title I: New Employer Pension Plans Must Be 401(k) Plans and Not 403(b) or 457 Plans - Amends the Internal Revenue Code to require new State and local government and tax-exempt organization pension plans to be 401(k) plans.

Title II: Safe Annuities and Trusts - Requires employers to establish SAFE annuities (a defined individual retirement annuity).

Title III: Enhanced Portability of Retirement Plans - Permits specified rollovers. Makes other revisions concerning portability.

Title IV: Credit for Pension Plan Startup Costs of Small Employers - Establishes a small employer pension plan cost startup credit.

Title V: Miscellaneous Improvements to Pension Plans - Permits IRA "catch-up" contributions.

Repeals the 25 percent limitation on defined contribution plans.

Provides for faster vesting of employer matching contributions.

Revises provisions concerning: (1) pension benefit statements; and (2) assignment and alienation.

Sets penalties for pension plans failing to meet requirements.

 Related & companion bills 1
  • S 2635 Identical bill 21st Century Retirement Savings Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 4823: 21st Century Retirement Savings Act. 105th Congress. Open America. https://openamerica.io/bill/105-HR-4823/
MLA
"H.R. 4823: 21st Century Retirement Savings Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-4823/.
Bluebook (legal)
H.R. 4823, 105th Cong. (2026), https://openamerica.io/bill/105-HR-4823/.
Markdown link
[H.R. 4823: 21st Century Retirement Savings Act](https://openamerica.io/bill/105-HR-4823/)
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