S. 709 (110th): Older Worker Opportunity Act of 2007

Introduced:
Feb 28, 2007 (110th Congress, 2007–2009)
Sponsor:
Sen. Herbert “Herb” Kohl [D-WI]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as S. 502 (111th) on Feb 27, 2009.

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on February 28, 2007, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 28, 2007
Referred to Committee Feb 28, 2007
Cosponsors
5 cosponsors (3R, 2D) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to promote labor force participation of older Americans, with the goals of increasing retirement security, reducing the projected shortage of experienced workers, maintaining future economic growth, and improving the Nation's fiscal outlook.

Summary

No summaries available.

Text

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Last updated Feb 28, 2007.
9 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/28/2007--Introduced.
Older Worker Opportunity Act of 2007 - Amends the Internal Revenue Code to allow employers who maintain a tax-qualified pension or retirement plan and who provide health insurance coverage a business-related tax credit for 25% of the first $6,000 of the wages of employees who have attained the age of 62 and who are participating in a formal flexible work program.
Defines "formal flexible work program" as a work program:
(1) that consists of core and flex time;
(2) whose core time does not exceed 20 hours per week, three days per week, or 1,000 hours per year;
(3) that allows participation for at least one year; and
(4) that does not permit a change or reduction in the health care or pension benefits of the participating employee.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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