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 26
... minimum standards , the soundness and stability of plans with respect to adequate funds to pay promised benefits may be endangered ; that owing to the involuntary termina- tion of plans before requisite funds have been accumulated ...
... minimum standards , the soundness and stability of plans with respect to adequate funds to pay promised benefits may be endangered ; that owing to the involuntary termina- tion of plans before requisite funds have been accumulated ...
Page 30
... minimum ratio of assets to vested liabilities according to the following schedule : If the plan has been in effect 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 ( in years ) The ratio of assets to vested liabilities shall be at ...
... minimum ratio of assets to vested liabilities according to the following schedule : If the plan has been in effect 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 ( in years ) The ratio of assets to vested liabilities shall be at ...
Page 42
... minimum vesting re- quirements , ( 3 ) minimum funding requirements and , ( 4 ) a system of plan termination protection . MINIMUM FIDUCIARY STANDARDS S. 1024 would establish fiduciary standards for welfare and pension plans . Its ...
... minimum vesting re- quirements , ( 3 ) minimum funding requirements and , ( 4 ) a system of plan termination protection . MINIMUM FIDUCIARY STANDARDS S. 1024 would establish fiduciary standards for welfare and pension plans . Its ...
Page 47
... minimum vesting standards are based . Exhibit C sets forth technical considerations involved in the proposed Bene- fit Security Act and provides data on the various aspects of the bill . Exhibit D contains a number of examples of ...
... minimum vesting standards are based . Exhibit C sets forth technical considerations involved in the proposed Bene- fit Security Act and provides data on the various aspects of the bill . Exhibit D contains a number of examples of ...
Page 71
... minimum funding requirement for the following reasons : " 1. There is a major difficulty with a funding standard of the IRS type , in view of the wide variety of funding methods and assumptions in current use . While it is desirable to ...
... minimum funding requirement for the following reasons : " 1. There is a major difficulty with a funding standard of the IRS type , in view of the wide variety of funding methods and assumptions in current use . While it is desirable 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...