Retirement Savings Opportunity Act of 1999 was introduced March 17 by Sen. William V. Roth Jr., R-Del., chairman of the Senate Finance Committee and Sen. Max Baucus, D-Mont. The comprehensive pension legislation creates non-deductible "Roth 401(k) and 403(b) plans in which savings can grow tax-free. It also raises the amount of money workers can save in employer-sponsored retirement plans to $15,000 from $10,000 at present, and to $10,000 in SIMPLE plans from $6,000 currently. Moreover, IRAs would be open to all Americans, not just lower- and middle-income workers. Also, people returning to work after age 50 would be able to stash more cash in their retirement plans to make up for the years they were not working. The legislation also would make it easier for small businesses to set up pension plans.