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VII. Section-by-Section Analysis
Title I. Organization, powers, and duties of the Secretary of Labor
37
Section 17. Effect of other laws
Section 18. Separability of provisions
Appendix Summary of Report, Study of the Cost of Mandatory
Vesting Provisions
72
73
I. Summary-Problem Summary Problem Areas-Continued
Misuse of pension funds.
Discrimination against individuals not covered by pension plans
Unjustifiable differences in tax treatment of corporate owner-employees
Discrimination against the self-employed and employees not covered by
Equalizing tax treatment; increasing deductions for H.R. 10 plans
107
Equalizing tax treatment; proprietary employees of closely held
corporations
108
Provisions designed to equalize tax treatment of pensions
Tax treatment of lump-sum distributions
New taxes and their effect on income tax deductions
Revenue effect of minimum vesting and funding provisions
114
115
116
IV. General explanation
A. Administration
B. Participation and coverage
1. Plan participation-age and service requirements
Present law
General reasons for change
Explanation of provisions.
Effective date
Revenue effect
2. Plans where a collective bargaining unit is involved; other anti-
117
118
119
120
Allocations between employer and employee contributions
Comparability of plans having different vesting provisions under
130
IV. General explanation-Continued
D. Funding-Continued
Explanation of provisions-Continued
Experience losses and gains
Waiver of funding requirements
The funding standard account
The funding standard account-special rules-insured plans
The funding standard account-special rules-full funding
limitation
139
140
142
144
The funding standard account-special rules-multiemployer
plans
145
The funding standard account-money purchase pension, profit-
sharing, and stock bonus plans
146