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S 381 109th Congress Senate

Retirement Security for Life Act of 2005

Official title: A bill to amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance procee… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by excluding from income a portion of such payments.

Introduced: February 15, 2005 See on congress.gov
Taxation AnnuitiesCost of living adjustmentsEconomics and Public FinanceFinance and Financial Sector
More subjectsShow fewer subjects
Income taxIndexing (Economic policy)Labor and EmploymentLife insuranceTax exclusionTax-deferred compensation plans
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 15, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1423-1424)
Feb 15, 2005
Sponsor introductory remarks on measure. (CR S1423)
Feb 15, 2005
Introduced in Senate
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 Latest action February 15, 2005

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1423-1424)

 Plain-English summary Congressional Research Service

Retirement Security for Life Act of 2005 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as guaranteed payments from certain annuity or life insurance contracts. Limits the amount of such exclusion to $20,000 in any taxable year. Provides for an inflation adjustment of the $20,000 limitation beginning in 2007.

 Related & companion bills 2
  • HR 819 Related bill Retirement Security for Life Act of 2005
  • HR 3912 Related bill Flexible Retirement Security for Life Act of 2005
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Collins, Susan M.
Maine · Feb 7, 2006
 R
Crapo, Mike
Idaho · Oct 5, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 381: Retirement Security for Life Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-381/
MLA
"S. 381: Retirement Security for Life Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-381/.
Bluebook (legal)
S. 381, 109th Cong. (2026), https://openamerica.io/bill/109-S-381/.
Markdown link
[S. 381: Retirement Security for Life Act of 2005](https://openamerica.io/bill/109-S-381/)
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