Pension Portability

The ability of workers to save for retirement is very important. Workers are increasingly mobile with fewer and fewer people choosing to work at one job for their entire lives. The International Personnel Management Association strongly supports policies that facilitate retirement savings. As public sector employees move back and forth between the public and private sectors, it is increasingly important that they be able to transfer their retirement savings.

WHEREAS: The International Personnel Management Association supports policies that promote increased retirement savings; and

WHEREAS: Increasing the portability of pensions will facilitate the movement of employees between the public and private sectors; and

WHEREAS: Under current law, funds from deferred compensation plans cannot be transferred into different plans authorized under the Internal Revenue Code; now, therefore, be it

RESOLVED: That the International Personnel Management Association urges Congress to enact legislation that would permit tax deferred rollovers amongst the various types of deferred compensation plans in order to improve portability among employer-sponsored deferred compensation plans.