Mark Kelly: “I am grateful for the hard work my colleagues on the Committee on Ways and Means have done in putting together a strong…”

“I am grateful for the hard work my colleagues on the Committee on Ways and Means have done in putting together a strong package of tax relief to ensure the retirement security for working Americans. Unfortunately, I have been contacted by my constituents who are concerned about potential interpretations of sections 405, 501, and 801 of H.R. 10. They fear they could negatively affect pension benefits. I would like to get assurances that these sections I have mentioned are not intended to harm participants. It is my understanding that these sections are not intended to reduce pension benefits, eliminate early retirement benefits, retirement-type subsidies, or optional forms of benefits, or discourage companies from increasing pension benefits.”