Teamsters' Union Central States Pension Fund, 1976: Hearing Before the Subcommittee on Labor of the Committee on Labor and Public Welfare, United States Senate Ninety-fourth Congress, Second Session ... July 1, 1976U.S. Government Printing Office, 1976 - 239 pages |
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Common terms and phrases
88 STAT actuarial administrator agreement Allen Dorfman amended annuity contracts apply Areas Pension Fund assets behalf bond CHAIRMAN compensation constitute a qualified December 31 Department of Labor described in section determined domestic corporation domestic parent corporation Dorfman effective employee benefit plan employer real property employer securities ERISA excess contribution fiduciary Frank Fitzsimmons Gaylur gross income HUTCHINSON INCOME TAXES Ch individual individual retirement account Internal Revenue Code investigation investment Las Vegas loans lump sum distribution meaning of section ment owner-employee paid paragraph party in interest payments percent person plan described PROFIT-SHARING purchase purposes qualified trust qualifying employer regulations prescribed requirements respect retirement Secretary of Labor Secretary USERY section 404 Senator DURKIN Senator JAVITS Southeast and Southwest Southwest Areas Pension stock bonus subparagraph subsection tax under section Teamsters term tion Title trade or business treated trust instrument Union United States Code
Popular passages
Page 118 - Deduction for contributions of an employer to an employees' trust or annuity plan and compensation under a deferred-payment plan (a) General rule. — If contributions are paid by an employer to or under a slock bonus, pension, profit-sharing, or annuity plan, or if compensation is paid or accrued on account of any employee under a plan deferring the receipt of such compensation...
Page 109 - ... the amount actually distributed or made available to any distributee shall be taxable to him in the year in which so distributed or made available to the extent that it exceeds the amounts paid in by him.
Page 111 - The Secretary or his delegate, shall prescribe such regulations as may be necessary to carry out the purposes of this paragraph.
Page 86 - Neither shall a plan be considered discriminatory within the meaning of such provisions merely because the contributions or benefits of or on behalf of the employees under the plan bear a uniform relationship to the total compensation, or the basic or regular rate of compensation, of such employees, or merely because the contributions or benefits based on that part of an employee's remuneration which is excluded from "wages...
Page 63 - ... with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims...
Page 127 - December 31, 1941, in excess of the amount allowable with respect to such year under the preceding provisions of this subparagraph shall be deductible in the succeeding taxable years in order of time, but the amount so deductible under this sentence in any one such succeeding taxable year together with the amount allowable under the first sentence of this subparagraph shall not exceed 15 per centum of the compensation otherwise paid or accrued during such taxable year to the beneficiaries under the...
Page 89 - A trust shall not constitute a qualified trust under this section unless under the plan of which such trust is a part...
Page 85 - ... if under the trust instrument it is impossible, at any time prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the 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 101 - For purposes of this subsection, the amount of any contribution which is allocable (determined in accordance with regulations prescribed by the Secretary or his delegate) to the purchase of life, accident, health, or other insurance shall not be taken into account.
Page 77 - A civil action may be brought — (1) by a participant or beneficiary — (A) for the relief provided for in subsection (c) of this section, or (B) to recover benefits due to him under the terms of his plan, to enforce his rights under the terms of the plan...