; table of contents. Sec. 2. Elimination of restriction on SIMPLE IRA rollovers. Sec. 3. Allowing mid-year SIMPLE IRA plan termination. Sec. 4. Elimination of higher penalty on early SIMPLE IRA distributions. Sec. 5. Increase in contributions allowed for SIMPLE IRA. Sec. 6. SIMPLE 401(k) parity for additional nonelective employer contributions. Sec. 7. Automatic deferral IRAs. Sec. 8. Modification of automatic enrollment safe harbor. Sec. 9. Secure deferral arrangements. Sec. 10. Credit for employers with respect to modified safe harbor requirements. Sec. 11. Modification of regulations. Sec. 12. Limited transfer of unused balance in flexible spending arrangement. Sec. 13. Prior years compensation taken into account in determining maximum retirement savings deduction. Sec. 14. Expanding small employer pension plan startup cost credit. Sec. 15. Financial education. Sec. 16. Small employer plans. Sec. 17. Modification of ERISA rules relating to multiple employer defined contribution plans. Sec. 18. Clarification of treatment of individual retirement plans with payroll deduction. Sec. 19. Disclosure regarding lifetime income. Sec. 20. Lifetime income safe harbor. 2. Elimination of restriction on SIMPLE IRA rollovers (a) In general Section 408(d)(3) of the Internal Revenue Code of 1986 is amended by striking subparagraph (G). (b) Effective date The amendment made by this section shall apply to distributions in taxable years beginning after the date of the enactment of this Act. 3. Allowing mid-year SIMPLE IRA plan termination (a) In general Section 408(p) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (11) Special rules relating to mid-year termination (A) In general An employer may elect to terminate (in such form and manner as the Secretary may provide) the qualified salary reduction arrangement of the employer at any time during the year. (B) Proration and application of qualified plan limitation In the case of a year during which an employer terminates a