H.R. 1013
Retirement Fairness for Charities and Educational Institutions Act
In plain language
Lets retirement plans for public school, charity and church employees (called 403(b) plans) put money into pooled investment funds run by banks or trust companies, and into insurance company investment accounts. These plans are not allowed to use those options today.
Written with AI assistance as a simplification of the official summary below. It may leave out details.
Official summary
of 2025 This bill allows 403(b) retirement plans (i.e., retirement plans designed for certain employees of public schools, charities, and churches) to invest in collective investment trusts, which are a group of pooled investment assets held by a bank or trust company, and in insurance company separate accounts.
Full text and status on Congress.gov
Roll calls on this measure (1)
- On Passage: H.R. 1013: Retirement Fairness for Charities and Educational Institutions Act (House, Nov 11, 2026; Passed)