Private Welfare and Pension Plan Legislation: Hearings, Ninety-first Congress, First and Second Sessions ...U.S. Government Printing Office, 1970 - 946 pages |
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Page 37
... credits within the group of employers who are parties to the plan , and ( 3 ) a substantial proportion of job changes in- volving a shift of employers by plan participants takes place within the scope of the plan . No permanent ...
... credits within the group of employers who are parties to the plan , and ( 3 ) a substantial proportion of job changes in- volving a shift of employers by plan participants takes place within the scope of the plan . No permanent ...
Page 68
... credit would be the amount of benefit earned to date of termination . For example , under a plan with a benefit of $ 5 per month per year of credited service , a man ... credits all service up to 30 years , a man hired at age 30 who quits 68.
... credit would be the amount of benefit earned to date of termination . For example , under a plan with a benefit of $ 5 per month per year of credited service , a man ... credits all service up to 30 years , a man hired at age 30 who quits 68.
Page 69
... credit " Usually , a vested benefit under a pension plan is expressed as a credit pay- able as a life annuity starting at normal retirement age . Often under a profit- sharing plan , vesting credits are paid in cash at time of ...
... credit " Usually , a vested benefit under a pension plan is expressed as a credit pay- able as a life annuity starting at normal retirement age . Often under a profit- sharing plan , vesting credits are paid in cash at time of ...
Page 70
... credits through its portability provisions . A person who moves from one employer to another within the scope covered by the plan retains pension credits . If the plan is sufficiently broad in scope , substantial protection is provided ...
... credits through its portability provisions . A person who moves from one employer to another within the scope covered by the plan retains pension credits . If the plan is sufficiently broad in scope , substantial protection is provided ...
Page 71
... credits with other funds , the degree of protection is even wider . It seems consistent with the pur- poses of a vesting standard to give some recognition to the presence of porta- bility . " The Secretary is authorized by the bill to ...
... credits with other funds , the degree of protection is even wider . It seems consistent with the pur- poses of a vesting standard to give some recognition to the presence of porta- bility . " The Secretary is authorized by the bill to ...
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Common terms and phrases
accrued benefits actuarial administration AFL-CIO agreement amended amount assets believe beneficiaries benefit plan bill Chairman collective bargaining committee contributions corporation cost coverage covered deferred wages DENT Disclosure Act earnings eligibility employee benefit employment ERLENBORN established Federal FERSTER fiduciary responsibility filed GAYDOS going Government GREENOUGH I. W. Abel income increase industry interest Internal Revenue Code Internal Revenue Service investment legislation loans ment million minimum NYHART paid payments pension benefits pension fund percent person plan participants plan termination plan's ployees portability private pension plans private pension system private plans problem proposed protection prudent man rule PUCINSKI reason regulations reinsurance retirement benefits Secretary of Labor sion SKLARSKY Social Security statement subcommittee Teamsters tion trust trust law unfunded union vested benefits vested liabilities vesting provisions welfare and pension workers
Popular passages
Page 149 - Department of the Wharton School of Finance and Commerce of the University of Pennsylvania.
Page 89 - The provisions of the Act entitled "An Act to amend the Judicial Code and to define and limit the jurisdiction of courts sitting in equity, and for other purposes," approved March 23, 1932 (29 USC 101-115), shall not apply with respect to civil actions brought under this section.
Page 36 - If any provision of this Act, or the application of such provision to any person or circumstances, shall be held invalid, the remainder of this Act, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby. "SEC. 17. This Act may be cited as the 'National Labor Relations Act'.
Page 24 - labor organization" means any organization of any kind, or any agency or employee representation committee or plan, in which employees participate and which exists for the purpose, in whole or in part, of dealing with employers concerning grievances, labor disputes, wages, rates of pay, hours of employment, or conditions of work.
Page 326 - Hearings Before the Subcommittee on Labor of the Senate Committee on Labor and Public Welfare on S.
Page 145 - Council of the Wharton School of Finance and Commerce of the University of Pennsylvania which is a definitive study of the matter.
Page 244 - ... prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under tho trust, for any part of the corpus or income to be (within the taxable year or thereafter) used for, or diverted to, purposes other than for the exclusive benefit of his employees or their beneficiaries...
Page 25 - industry affecting commerce" means any activity, business, or industry in commerce or in which a labor dispute would hinder or obstruct commerce or the free flow of commerce and includes any activity or industry "affecting commerce" within the meaning of the Labor-Management Reporting and Disclosure Act of 1959.
Page 357 - Sells any substantial part of its securities or other property, for less than an adequate consideration In money or money's worth, to; or (6) Engages in any other transaction which results in a substantial diversion of Its income or corpus...
Page 9 - No person who is or has been a member of the Communist Party or who has been convicted of, or served any part of a prison term resulting from his conviction of, robbery, bribery, extortion, embezzlement, grand larceny, burglary, arson, violation of narcotics laws, murder, rape, assault with intent to kill, assault which inflicts grievous bodily injury, or a violation of title II or III of this Act, or conspiracy to commit any such crimes...