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I
117TH CONGRESS
1ST SESSION H. R. 2944
To amend the Internal Revenue Code of 1986 to reduce the retirement
plan period of service requirements for long-term, part-time employees.
IN THE HOUSE OF REPRESENTATIVES
APRIL 30, 2021
Ms. SEWELL introduced the following bill; which was referred to the
Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to reduce
the retirement plan period of service requirements for
long-term, part-time employees.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. ONE-YEAR REDUCTION IN PERIOD OF SERVICE
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REQUIREMENT FOR LONG-TERM, PART-TIME
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WORKERS.
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(a) IN GENERAL.—Section 401(k)(2)(D)(ii) of the
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Internal Revenue Code of 1986 is amended by striking
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‘‘3’’ and inserting ‘‘2’’.
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(b) CLARIFICATION OF PRIOR SERVICE FOR PUR-
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POSES OF VESTING RULES.—Section 112(b) of the Set-
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•HR 2944 IH
ting Every Community Up for Retirement Enhancement
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Act
of
2019
is
amended
by
striking
‘‘section
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401(k)(2)(D)(ii)’’ and inserting ‘‘paragraphs (2)(D)(ii)
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and (15)(B)(iii) of section 401(k)’’.
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(c) EFFECTIVE DATE.—The amendments made by
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this section shall take effect as if included in the enact-
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ment of section 112 of the Setting Every Community Up
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for Retirement Enhancement Act of 2019.
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