ERISA Improvements Act of 1978: Joint Hearings Before the Subcommittee on Labor of the Committee on Human Resources and the Subcommittee on Private Pension Plans and Employee Fringe Benefits of the Committee on Finance, United States Senate, Ninety-fifth Congress, Second Session on S. 3017 ... August 15, 16, and 17, 1978U.S. Government Printing Office, 1978 - 1461 pages To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 for the purpose of simplifying, clarifying, and improving federal law relating to the regulation of employee benefit plans to foster the establishment and maintenance of plans, and for other purposes and related bills (S. 901, S. 2992, S. 3193, S. 1745, S. 1383, and S. 250). |
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accepted accounting principles AFL-CIO agency American Bankers Association annual report apply auditing auditor August 17 bank believe bill Chairman collective trust Committee Congress corporate cost Court coverage Daniel deduction defined benefit plans Department of Labor employee benefit plans employee contributions Employee Retirement Income enactment enrolled actuary establish exemption federal securities laws fiduciary financial statements FINNELL Glass-Steagall Act Hawaii Income Security Act individual individual retirement accounts insurance company interests Internal Revenue Code Internal Revenue Service Investment Company issued jurisdiction Keogh plans Labor Department legislation liabilities Lloyd Bentsen ment multiemployer plans paperwork paragraph Pension Benefit pension funds percent plan participants pooled investment funds preemption Prepaid Health private pension plans problems proposal regulations requirements respect Retirement Income Security retirement plans Senator BENTSEN Senator JAVITS Senator WILLIAMS separate accounts small business special master plan standards Subcommittee subsection tion Treasury vesting welfare plans workers
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Page 193 - It is one of the happy incidents of the Federal system that a single courageous State, may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.
Page 230 - Except as provided in subsection (b) of this section, the provisions of this title and title IV shall supersede any and all State laws insofar as they may now or hereafter relate to any employee benefit plan described in section 4(a) and not exempt under section 4(b).
Page 962 - The American Paper Institute is the national trade association of the pulp, paper and paperboard industry.
Page 664 - The opinion required by subparagraph (A) need not be expressed as to any statements required by subsection (b)(3)(G) prepared by a bank or similar institution or insurance carrier regulated and supervised and subject to periodic examination by a State or Federal agency if such statements are certified by the bank, similar institution, or insurance carrier as accurate and are made a part of the annual report. (D) For purposes of this title, the term "qualified public accountant...
Page 664 - ... (8) if some or all of the assets of a plan or plans are held in a common or collective trust maintained by a bank or similar institution or in a separate account maintained by an insurance carrier, the report shall Include...
Page 1242 - The Prudential Insurance Company of America, The Equitable Life Assurance Society of the United States, John Hancock Mutual Life Insurance Company, Connecticut General Life Insurance Company, Aetna Life and Casualty Company, and The Mutual Life Insurance Company of New York.
Page 550 - ... a description of material lease commitments, other commitments, and contingent liabilities; a description of agreements and transactions with persons known to be parties in interest; a general description of priorities upon termination of the plan; information concerning whether or not a tax ruling or determination letter has been obtained; and any other matters necessary to fully and fairly present the financial statements of such pension plan. (3) With respect to all employee benefit plans,...
Page 309 - For purposes of this part, the term 'defined contribution plan' means a plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which may be allocated to such participant's account. "(j) DEFINED BENEFIT PLAN. — For purposes of this part, the term 'defined benefit plan...
Page 1119 - bank' means (A) a banking institution organized under the laws of the United Sates, (B) a member bank of the Federal Reserve System. (C) any other banking institution, whether incorporated or not, doing business under the laws of any State or of the United States, a substantial portion of the business of which consists of receiving deposits or exercising a fiduciary power similar to those permitted to national banks under section 11 (k) of the Federal Reserve Act.
Page 1261 - All defined benefit and money purchase plans must provide benefits in the form of a qualified joint and survivor annuity unless you, with the written consent of your spouse, elect a different form of benefit.