Amends the Employee Retirement Income Security Act of 1974 to enhance spousal consent requirements for defined contribution plans.
The Women's Retirement Protection Act amends the Employee Retirement Income Security Act of 1974 to require spousal consent for distributions from defined contribution plans, except under specific conditions. It also mandates that financial product or service providers offer consumers a link to the Bureau of Consumer Financial Protection's website for retirement planning resources. Additionally, it authorizes grants to assist low-income women and survivors of domestic violence in obtaining qualified domestic relations orders and to promote financial literacy among women.
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- Core Provisions
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- Critical Issues
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