Retirement Security for Life Act of 2005
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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.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1423-1424)
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 381: Retirement Security for Life Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-381/
"S. 381: Retirement Security for Life Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-381/.
S. 381, 109th Cong. (2026), https://openamerica.io/bill/109-S-381/.
[S. 381: Retirement Security for Life Act of 2005](https://openamerica.io/bill/109-S-381/)