Download or read book Single Employer Pension Plan Termination Insurance Improvements Act of 1983 written by United States. Congress. Senate. Committee on Labor and Human Resources. Subcommittee on Labor and published by . This book was released on 1983 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Legislative Changes Needed to Financially Strengthen Single Employer Pension Plan Insurance Program written by United States. General Accounting Office and published by . This book was released on 1983 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Primer on ERISA written by Barbara J. Coleman and published by BNA Books (Bureau of National Affairs). This book was released on 1993 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Before you attempt to deal with the Employee Retirement Income Security Act (ERISA), read this understandable introduction. The author tells you how the law affects your company's pension and employee-benefit plans, including: -- funding -- protection -- termination -- preemption

Download or read book Pension Plan Terminations written by Lonie Hassel and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ... addresses the issues that arise in connection with the standard, distress and involuntary terminations of single-employer qualified defined benefit and defined contribution plans and in connection with the partial termination or spinoffs of such plans. This Portfolio also discusses the ERISA fiduciary and tax implications of plan termination.

Download or read book ERISA written by Paul J. Schneider and published by Wolters Kluwer. This book was released on 2011-01-01 with total page 1265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fourth Edition of ERISA: A Comprehensive Guide provides a thorough and authoritative analysis of the principal statutory provisions of the Employee Retirement Income Security Act of 1974 (ERISA) and the corresponding provisions of the Internal Revenue Code (Code) dealing with employee benefits. It also discusses and explains the multitude of regulations, rulings, and interpretations issued by the Department of the Treasury, the Internal Revenue Service, the Department of Labor, and the Pension Benefit Guaranty Corporation in explanation of ERISA; the Code provisions relating to the requirements for tax-qualified retirement plans; and the subsequent legislation amending or supplementing ERISA and such Code provisions. Cited by the Supreme Court, ERISA: A Comprehensive Guide discusses and explains the multitude of regulations, rulings, and interpretations issued by the Department of the Treasury, the Internal Revenue Service, the Department of Labor, and the Pension Benefit Guaranty Corporation in explanation of ERISA and the subsequent legislation amending or supplementing ERISA. ERISA: A Comprehensive Guide has been updated to include: A new chapter that focuses on the key federal employment laws, such as the antidiscrimination, wage and hour, and leave laws, which often must be considered by benefits professionals when providing benefits advice to their clients A revised chapter on ERISA preemption, which includes a new discussion of what constitutes a "plan" for purposes of applying ERISA preemption and an updated discussion of the impact of the Supreme Court's decision in Cigna Corp. v. Amara on ERISA preemption A summary of the requirement of providing health plan participants with a Summary of Benefits and Coverage has been added to the discussion of benefit plan notice requirements An update on recent court decisions involving 401(k) fee litigation and the extent to which excessive or undisclosed fees can constitute a breach of ERISA fiduciary duty. The Department of Labor's final regulations issued under ERISA Section 408(b)(2), regarding the disclosure that must be made by service providers to plan fiduciaries concerning the direct and indirect compensation that the service providers receive in connection with providing services to a covered plan A discussion regarding the income tax consequences of employer-paid COBRA premiums A discussion regarding successor liability in asset sale transactions has been added to the chapter on mergers and acquisitions A discussion regarding the extent to which an employer's interference with the benefits of union supporters may constitute an unfair labor practice under the National Labor Relations Act

Download or read book Retirement Security written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Employee Retirement Income Security Act (ERISA) requires private pension plans to meet extensive, complex minimum standards and reporting and disclosure requirements. Concerns were expressed about ERISA effects on small businesses and their employees and the increase in pension plan terminations after enactment of the legislation. The act did contribute to a large degree to pension plan terminations, but economic and other factors played a more significant role. The adverse effect on workers indicated by the number of terminations is misleading because: (1) in terminations of plans attributed to ERISA, the plans generally did not meet the act's minimum participation and vesting requirements; (2) participants of terminated plans had received or were to receive almost all of their vested benefits under existing plan provisions; and (3) about 41 percent of the sponsors of terminating plans continued pension coverage for their employees through other plans. According to plan sponsors, major factors contributing to termination were the increased costs of providing benefits and revising and administering plans, the burden of meeting reporting and disclosure requirements, the need for clarifying regulations, and concern about penalties. The increased costs and provisions for compliance and reporting are necessary to ensure employees' rights to receive adequate benefits. Agencies involved have made progress in providing guidelines for meeting requirements and have reduced the reporting and disclosure burden. Agencies should continue such efforts, consistent with the protection of participants.

Download or read book Federal Pension Insurance Guide for Small Business written by Pension Benefit Guaranty Corporation and published by GPO FCIC. This book was released on 2009 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you sponsor or administer a defined benefit pension plan, it is probably covered by the federal pension insurance program administered by the Pension Benefit Guaranty Corporation. PBGC prepared this Guide to help you and your professional advisers understand the PBGC requirements.

Download or read book Pension Plan Termination Insurance for Multiemployer Pension Plans written by United States. Congress. Senate. Committee on Finance. Subcommittee on Private Pension Plans and Employee Fringe Benefits and published by . This book was released on 1980 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Analysis of Single Employer Defined Benefit Plan Terminations 1976 written by Pension Benefit Guaranty Corporation and published by . This book was released on 1976 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Often asked Questions about the Employee Retirement Income Security Act ERISA written by United States. Labor-Management Services Administration. Pension and Welfare Benefit Programs and published by . This book was released on 1979 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Private Pension Plan Standards written by Ray Schmitt and published by . This book was released on 1993 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Pension Benefit Guaranty Corporation and Single Employer Plan Terminations written by and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent high-profile terminations of defined benefit pension plans have focused attention on the process for terminating plans and the Pension Benefit Guaranty Corporation (PBGC). The Employee Retirement Income Security Act (ERISA) regulates plan terminations. It provides for three types of single-employer plan terminations -- standard, distress, and involuntary -- and imposes different responsibilities on the PBGC for each type. This report discusses ERISA's procedures for terminating single-employer plans and the PBGC's role in such terminations.

Download or read book Pension Benefit Guaranty Corporation amendments Affecting Single employer and Multiemployer Defined Benefit Plans written by United States. Congress. Senate. Committee on Finance. Subcommittee on Private Pension Plans and Employee Fringe Benefits and published by . This book was released on 1978 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pension Insurance Data Book written by and published by . This book was released on 1996 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pension Benefit Guaranty Corporation written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the single-employer insurance program, the Pension Benefit Guaranty Corporation (PBGC) may become the trustee of underfunded plans that are terminated and assume responsibility for paying benefits to participants as they become due, up to certain legal limits. From its inception in 1974 through the end of fiscal year 2008, PBGC has terminated and trusteed a total of 3,860 single-employer plans covering some 1.2 million workers and retirees. Since 2008, the economic downturn has brought a new influx of pension plan terminations to PBGC, and more are expected to follow. The committee asked GAO to discuss our recent work on PBGC. Specifically, this testimony describes: (1) PBGC's process for determining the amount of benefits to be paid; and (2) PBGC's recoupment process when the estimated benefit provided is too high and a retiree receives an overpayment that must be repaid. To address these objectives, GAO relied primarily on a recent report titled Pension Benefit Guaranty Corporation: More Strategic Approach Needed for Processing Complex Plans Prone to Delays and Overpayments (GAO-09-716 Aug. 2009). In that report, GAO made numerous recommendations. PBGC generally agreed and is taking steps to address the concerns raised. No new recommendations are being made in this testimony.

Download or read book ERISA s Single employer Pension Plan Termination Insurance Program written by United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor-Management Relations and published by . This book was released on 1984 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Plan Termination Answer Book written by Joan Gucciardi and published by . This book was released on 2001-12-20 with total page 952 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complexities of terminating pension plans are reduced to simple, practical steps in the Plan Termination Answer Book. Confusing issues such as the best process for terminating a plan through the Internal Revenue Service, Department of Labor and the Pension Benefit Guaranty Corporation are thoroughly explained. In addition, the Answer Book outlines the numerous administrative tasks that must be addressed and offers suggestions on certain areas of plan design. Among the many topics covered in the Plan Termination Answer Book are the following: - Various requirements of the different governing agencies - Qualification areas that must be addressed in a plan termination - Options for terminating a defined benefit plan with insufficient assets - Circumstances under which a money purchase plan may be terminated - Special procedures and rules for terminating a multi-employer plan - Considerations for partial terminations - Steps to follow for distress terminations and their implications - Matters concerning plan mergers - And more!