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S 2526 115th Congress Senate Taxation

Retirement Enhancement and Savings Act of 2018

Introduced: March 8, 2018 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 8, 2018
Read twice and referred to the Committee on Finance.
Mar 8, 2018
Introduced in Senate
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 Plain-English summary Congressional Research Service

Retirement Enhancement and Savings Act of 2018

This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to modify requirements for tax-favored retirement savings accounts, employer-provided retirement plans, and retirement benefits for federal judges.

With respect to employer-provided plans, the bill modifies requirements regarding:

  • multiple employer plans,
  • automatic enrollment and nonelective contributions,
  • loans,
  • terminating or transferring plans,
  • reporting and disclosure rules,
  • nondiscrimination rules,
  • selecting lifetime income providers, and
  • Pension Benefit Guaranty Corporation premiums.

The bill also increases the tax credit for small employer pension plan startup costs and allows a tax credit for small employers that establish retirement plans that include automatic enrollment.

With respect to Individual Retirement Accounts (IRAs), the bill:

  • treats taxable non-tuition fellowship and stipend payments as compensation,
  • repeals the maximum age for traditional IRA contributions, and
  • permits any IRA to be a shareholder of any S corporation that is a bank.

The bill makes several modifications to retirement benefits for magistrate judges of the U.S. Tax Court and other federal judges.

The bill also modifies various tax provisions to:

  • reinstate and increase the tax exclusion for benefits provided to volunteer firefighters and emergency medical responders,
  • revise the required distribution rules for pension plans,
  • increase penalties for failing to file tax or retirement plan returns, and
  • require the Internal Revenue Service to share returns and return information with U.S. Customs Border Protection to administer the heavy vehicle use tax.
What's happening now March 8, 2018

Read twice and referred to the Committee on Finance.

 Related & companion bills 16
  • HR 854 Related bill Retirement Security for American Workers Act
  • HR 1550 Related bill Volunteer Responder Incentive Protection Act of 2017
  • HR 1688 Related bill To avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Securi…
  • HR 1962 Related bill Retirement Security Preservation Act of 2017
  • HR 2055 Related bill Lifetime Income Disclosure Act
  • HR 3136 Related bill Graduate Student Savings Act of 2017
  • HR 3902 Related bill Small Employer Retirement Savings Auto-Enrollment Credit Act
  • HR 4604 Related bill Increasing Access to a Secure Retirement Act of 2017
  • S 674 Related bill A bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church con…
  • S 695 Related bill A bill to avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income…
  • S 852 Related bill Retirement Security Preservation Act of 2017
  • S 868 Related bill Lifetime Income Disclosure Act
  • S 1238 Related bill Volunteer Responder Incentive Protection Act of 2017
  • S 1379 Related bill Graduate Student Savings Act of 2017
  • S 1383 Related bill Retirement Security Act of 2017
  • HR 5282 Identical bill Retirement Enhancement and Savings Act of 2018
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Mar 8, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2526: Retirement Enhancement and Savings Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-2526/
MLA
"S. 2526: Retirement Enhancement and Savings Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2526/.
Bluebook (legal)
S. 2526, 115th Cong. (2026), https://openamerica.io/bill/115-S-2526/.
Markdown link
[S. 2526: Retirement Enhancement and Savings Act of 2018](https://openamerica.io/bill/115-S-2526/)
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