Box Turtle Bulletin

Box Turtle BulletinNews, analysis and fact-checking of anti-gay rhetoric
“Now you must raise your children up in a world where that union of man and box turtle is on the same legal footing as man and wife…”
This article can be found at:
Latest Posts

Posts for December, 2008

Bush Signs Law Protecting Retirement Savings for Gay Couples

Jim Burroway

December 26th, 2008

President George Bush on Tuesday signed into law the Worker, Retiree and Employer Recovery Act of 2008 (WRERA). This act requires employers to allow employees to roll their retirement plans over to unmarried partners. Before now, a similar provision of an earlier act was optional:

The Worker, Retiree and Employer Recovery Act of 2008 (WRERA), signed by President Bush today, contains technical corrections to the Pension Protection Act of 2006 (PPA). PPA made it possible for employers to allow any nonspouse beneficiary of an employee’s retirement plan—including an employee’s same-sex partner—to roll inherited retirement benefits directly to an individual retirement account (IRA) and avoid immediate taxation. WRERA requires that all employers provide this rollover opportunity to nonspouse beneficiaries.

Employers will be required to make this rollover available on January 1, 2010.