Reorganization Plan No. 4 of 1978: Hearing Before the Committee on Governmental Affairs, United States Senate, Ninty-fifth Congress, Second Session ... September 7, 1978 |
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... reduce ERISA reporting and paperwork burdens Prepared statement .. Answers to questions submitted by Senator Percy-- Williams , Hon . Harrison A. , Jr .: 24 36 39 48 Testimony 42 Prepared statement 42 29 1288 28 2 8 ** ** ADDITIONAL ...
... reduce ERISA reporting and paperwork burdens Prepared statement .. Answers to questions submitted by Senator Percy-- Williams , Hon . Harrison A. , Jr .: 24 36 39 48 Testimony 42 Prepared statement 42 29 1288 28 2 8 ** ** ADDITIONAL ...
Page 2
... reduce , though not end , the overlapping jurisdiction of the Labor and Treasury Departments and should hopefully improve the administra- tion of the law . On the other hand , the plan permits the continuance of certain elements of dual ...
... reduce , though not end , the overlapping jurisdiction of the Labor and Treasury Departments and should hopefully improve the administra- tion of the law . On the other hand , the plan permits the continuance of certain elements of dual ...
Page 2
... reduce , though not end , the overlapping jurisdiction of the Labor and Treasury Departments and should hopefully improve the administra- tion of the law . On the other hand , the plan permits the continuance of certain elements of dual ...
... reduce , though not end , the overlapping jurisdiction of the Labor and Treasury Departments and should hopefully improve the administra- tion of the law . On the other hand , the plan permits the continuance of certain elements of dual ...
Page 3
... reduce the long delay in the issuance of exemp- tions from the prohibited transaction sections of ERISA . Under pres- ent law , these exceptions must be approved by both agencies . Under the reorganization plan , only Labor is going to ...
... reduce the long delay in the issuance of exemp- tions from the prohibited transaction sections of ERISA . Under pres- ent law , these exceptions must be approved by both agencies . Under the reorganization plan , only Labor is going to ...
Page 4
... reduce the long delays in the issuance of exemptions from the prohibited transaction sections of ERISA . Under present law , these exemp- tions must be approved by both agencies . Under the Reorganization proposal , only Labor will be ...
... reduce the long delays in the issuance of exemptions from the prohibited transaction sections of ERISA . Under present law , these exemp- tions must be approved by both agencies . Under the Reorganization proposal , only Labor will be ...
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Common terms and phrases
accrued benefit administration of ERISA age and service agencies amendments annual report authority to prescribe Benefit Guaranty Corporation benefits and contributions bill Chairman RIBICOFF Committee CONGRESS THE LIBRARY defined benefit Department of Labor dual jurisdiction employee benefit plans enforcement ERISA sec ESOP excise tax exemptions fiduciary responsibility funding standards Income Security Act individual retirement account Internal Revenue Code Internal Revenue Service issued Labor and Treasury Labor Department LANOFF LIBRARY OF CONGRESS lump sum distribution minimum age minimum standards nontax provisions nontax standards paperwork participants and beneficiaries PBGC Pension Benefit Guaranty pension plans plan benefits plan or trust plan participants prescribe regulations prior law prohibited self-dealing prohibited transactions provisions of ERISA qualified pension qualified plan reduce Reorganization Plan reorganization proposal Secretary of Labor Section self-dealing standards Senator Bentsen Senator JAVITS service standards standards of ERISA summary plan description tax law termination insurance tion Treasury Department U.S. SENATOR vesting standards WELLFORD
Popular passages
Page 6 - Under section 401 (a) (2) a trust is not qualified unless under the trust instrument it is impossible (in the taxable year and at any time thereafter before the satisfaction of all liabilities to employees or their beneficiaries covered by the trust) for any part of the trust corpus or income to be used for, or diverted to, purposes other than for the exclusive benefit of such employees or their beneficiaries.
Page 34 - Multiemployer plans are regulated not only under the tax and employee benefits laws and regulations and the watchful eyes of the Department of Labor, the Internal Revenue Service and the Pension Benefit Guaranty Corporation, with which all private-sector benefit plans must comply.
Page 26 - In compliance with paragraph ll(b) of Rule XXVI of the Standing Rules of the Senate, the Committee makes the following evaluation of the regulatory impact which would be incurred in carrying out S.
Page 32 - ... So much of the personnel, property, records, and unexpended balances of appropriations, allocations, and other funds employed, used, held available, or to be made available in connection with the functions transferred...
Page 7 - ... (2) the amount (if any) paid for such property, shall be included in the gross income of the person who performed such services in the first taxable year in which the rights of the person having the beneficial interest in such property are transferable or are not subject to a substantial risk of forfeiture, whichever is applicable.
Page 32 - ... at such time or times as the Director of the Office of Management and Budget shall provide, except that no such unexpended balances transferred shall be used for purposes other than those for which the appropriation was originally made. The Director of the Office of Management and Budget shall provide for terminating the affairs of...
Page 25 - Vote of the Committee In compliance with section 133 of the Legislative Reorganization Act of 1946, the following statement is made relative to the vote by the committee on the motion to report the bill.
Page 32 - October 1, 1979, as the President shall specify, but not sooner than the earliest time allowable under section 906 of title 5 of the United States Code.
Page 31 - ... provided for in Section 101 of this Plan shall not affect the ability of the Secretary of Labor, subject to the provisions of Title III of ERISA relating to jurisdiction, administration, and enforcement, to engage in enforcement under Section 502 of ERISA or to exercise the authority set forth under Title III of ERISA, including the ability to make interpretations necessary to engage in such enforcement or to exercise such authority.
Page 27 - Senate, to dispense with the requirements of subsection 4 of rule XXIX of the Standing Rules of the Senate (relating to the showing of changes in existing law made by the bill, as reported).