Retirement: Expanding Investment Options for Non-Profit Employees
A senate committee must act next: committee consideration.
This bill has strong support from both parties and fixes a technical gap in retirement laws that has existed for years. It is likely to be included in a larger financial package.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Many teachers, professors, and healthcare workers who use 403(b) retirement plans are union members. Allowing these plans to invest in collective investment trusts, which typically charge lower fees than the mutual funds and annuities currently required, could modestly increase take-home retirement savings for unionized public school and nonprofit staff over time.
“``(D) collective trust fund maintained by a bank consisting solely of assets of one or more--”
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Retirement Fairness for Charities and Educational Institutions Act of 2025
Analysis generated by AI. Always verify with official sources.