Republican Lawmakers Introduce Legislation to Permit Transfer of 401(h) Retiree Pension Accounts to Help Pay for Active Healthcare Programs

Sens. Bill Cassidy (R-LA), Tim Scott (R-SC), Roger Marshall (R-KS), and Thom Tillis (R-NC) introduced the Strengthening Benefits Plans Act of 2025, legislation that would allow for overfunded 401(h) retiree pension accounts (i.e., employer-sponsored fund for post-retirement medical benefits) to be transferred to help pay for active healthcare programs. The full bill text is available here.

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