Qualified domestic relations orders: a plan administrator's operational perspective
Article Abstract:
The requirements of the Internal Revenue Code and the ERISA for the administration of qualified domestic relations orders (QDROs) are very demanding. A small and innocent mistake by a plan administrator or an employee can have disastrous effects both for the employee and the employer. The pressure on plan administrators to maintain efficiency and order in the handling of QDROs will intensify due to the rising divorce rates among newly married couples. The historical background, administrative requirements and suggestions for improving the administration of QDROs are presented.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1995
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Proposal for a model employee benefit program: responding to the changing trends of society
Article Abstract:
A uniform employee benefits program needs to be mandated by the federal government in response to the growing changes of the workforce. Many employees nowadays fall under the category of non-traditional families. This characteristic should not be a deterrent for them to receive compensation and benefit packages different from those received by traditional families. A company who adopts and implements equal opportunities and benefit programs for all types of employees will increase the morale of its employees, and as such, will also increase productivity.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1998
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Twenty-five years of ERISA leaves defined benefit plans battered and bruised
Article Abstract:
The 25-year existence of the Employee Retirement Income Security Act (ERISA) has been marked by numerous changes enacted by Congress which have made the act an administrative burden to plan sponsors. The changes enacted in ERISA cover several categories. These include benefit accruals, defined contribution plans and individual retirement accounts, mandatory age 70 distributions, to name a few. Despite the benefit protections enjoyed by participants, the burdensome provisions of the act discourage employers from sponsoring defined benefit plans.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1999
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