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 27
... retirement at the regular retirement age . ( 1 ) The term " accrued portion of the regular retirement benefit " means- ( 1 ) Under a plan which provides for payment of a fixed benefit , that portion of such benefit which would have been ...
... retirement at the regular retirement age . ( 1 ) The term " accrued portion of the regular retirement benefit " means- ( 1 ) Under a plan which provides for payment of a fixed benefit , that portion of such benefit which would have been ...
Page 28
... retirement benefits when the plan has been in effect for five years or more , as follows : ( a ) PRESENT PLANS . - Every pension plan created before the date of enact- ment of this Act shall , in accordance with one of the following ...
... retirement benefits when the plan has been in effect for five years or more , as follows : ( a ) PRESENT PLANS . - Every pension plan created before the date of enact- ment of this Act shall , in accordance with one of the following ...
Page 42
... retire- ment , possible changes in employment during his working life , and the appro- priate point in time for retirement . In summary , the private pension and welfare systems have become national institutions affecting the national ...
... retire- ment , possible changes in employment during his working life , and the appro- priate point in time for retirement . In summary , the private pension and welfare systems have become national institutions affecting the national ...
Page 43
... retirement system . At the heart of this system is the private pension promise . Employees partici- pate in private pension plans with the expectation that this participation will result in greater economic security during their retirement ...
... retirement system . At the heart of this system is the private pension promise . Employees partici- pate in private pension plans with the expectation that this participation will result in greater economic security during their retirement ...
Page 44
... retirement benefit against any termination of his employment . " Without vesting , a worker displaced after long years of service is denied all of his accrued pension protection . A worker in a similar position who volun- tarily changes ...
... retirement benefit against any termination of his employment . " Without vesting , a worker displaced after long years of service is denied all of his accrued pension protection . A worker in a similar position who volun- tarily changes ...
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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...