H. R. 3213
IN THE HOUSE OF REPRESENTATIVES
June 11, 2019
Mr. David P. Roe of Tennessee (for himself, Mr. Burchett, Mr. Fleischmann, Mr. DesJarlais, Mr. Green of Tennessee, Mr. Kustoff of Tennessee, and Mr. John W. Rose of Tennessee) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to clarify the treatment of certain retirement plan contributions picked up by governmental employers.
Clarification of treatment of certain retirement plan contributions picked up by governmental employers
Section 414(h)(2) of the Internal Revenue Code of 1986 is amended—
For purposes of paragraph (1) and inserting the following:
For purposes of paragraph (1)
by adding at the end the following new subparagraph:
Treatment of elections between alternative benefit formulas
For purposes of subparagraph (A), a contribution shall not fail to be treated as picked up by an employing unit merely because the employee may make an irrevocable election between the application of two alternative benefit formulas involving the same or different levels of employee contributions.
Application to existing employees
Clause (i) shall be applied without regard to whether the employee is already covered by one of the benefit formulas referred to therein.
The amendment made by this section shall apply to years ending after the date of the enactment of this Act.