World trade treaty holds surprises
Article Abstract:
The passage of the General Agreement on Tariffs and Trade (GATT) brings with it changes that could affect qualified retirement plans in the form of the Retirement Protection Act of 1994. This act was originally a separate law which was attached to GATT to facilitate its passage. The new act is a considerably more complex law that includes seemingly reasonable funding regulations for retirement plans that require higher and accelerated payments for underfunded plans. In view of the net impact of this and previous laws, however, the Retirement Protection Act of 1994 may prove to be counterproductive.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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Government messages are mixed. Waht's next?
Article Abstract:
The government's efforts to reduce the federal budget may affect the passage of related legislation such as pension simplification bills. At the same time, bills proposing the reduction of regulations on pension plans conflict with existing laws that have limited the tax advantages typically allocated to pension schemes. Taxation reforms, such as the proposed tax rate, are also likely to minimize an employee's incentives to enter an employer-sponsored pension plan.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1996
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DOL proposal called 'misguided.' (401k deposit rule changes proposed by Department of Labor)
Article Abstract:
The proposal of the Dept. of Labor to cut down the time it takes to deposit employee contributions in benefit plan trusts is being criticized by large employers. They fear that the 401(k) deposit rule changes will be ineffective and will only lead to a bureaucratic nightmare. The proposal holds that deadlines for deposits should be set according to the amount of money being remitted: the more that is deposited, the shorter the deadline.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1996
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