Reorganization Plan No. 4 of 1978: Hearing Before the Committee on Governmental Affairs, United States Senate, Ninety-fifth Congress, Second Session ... September 7, 1978 |
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Common terms and phrases
action administration of ERISA AFL-CIO age and service agencies amended annual report apply assets Benefit Guaranty Corporation bill BLAYDON Chairman RIBICOFF Code collectively bargained plans Committee compliance Congress coordinated Department of Labor dual jurisdiction eliminate employee benefit plans enforcement ERISA sec ESOP excise tax Federal fiduciary filing funding standards Halperin Income Security Act individual retirement account Internal Revenue Code Internal Revenue Service issue Labor and Treasury Labor Department LANOFF ment million hours minimum standards nontax provisions participants and beneficiaries partment PBGC Pension Benefit Guaranty pension plans plan or trust plan participants pre-ERISA prescribe regulations problems processing prohibited self-dealing prohibited transactions provisions of ERISA qualified pension qualified plan reduce Reorganization Plan reorganization proposal reporting requirements Retirement Income Security Secretary of Labor Section self-dealing standards Senator Bentsen Senator JAVITS standards of ERISA sum distribution summary plan description tax penalties tax-qualified tion transferred Treasury Department U.S. SENATOR vesting standards violations WELLFORD
Popular passages
Page 34 - ... 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 8 - 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 28 - 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 9 - ... (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 11 - ... to discriminate in favor of employees who are officers, shareholders, or highly compensated...
Page 34 - Budget shall determine, shall be transferred to the appropriate agency, or component 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 27 - 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 29 - 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).
Page 32 - ERTSA, the Secretary of the Treasury shall notify the Secretary of Labor prior to the time of commencing any proceeding to determine whether the action violates the exclusive benefit rule of subsection 401 (a) of the Code, but not later than prior to issuing a preliminary...
Page 24 - employee stock ownership plan'' means an individual account plan — (A) which is a stock bonus plan which is qualified, or a stock bonus plan and money purchase...