Nat'l. Employee Savings & Trust Equity Guarantee Act

The Senate Finance Committee last July 26th. approved the “chairman’s mark” of the National Employee Savings & Trust Equity Guarantee Act of 2005 (NESTEG), a comprehensive pension reform measure introduced back in January.

The bill, SB 219, would amend the Internal Revenue Code and Employee Retirement Income Security Act “to protect the retirement security of Americans workers by ensuring that pension assets are adequately diversified and by providing workers with adequate access to, and information about, their pension plans.” (Bill summary and Senate Finance Committee press release)