Retirement Income Security for Employees Act, 1972: Hearings Before the Subcommittee on Labor..., on S. 3598.... |
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accrued benefits actuarial additional adequate AFL-CIO amendments assets beneficiaries bill BRET CHAIRMAN clients Committee Company Congress Corporation cost covered CUMMINGS deductibility eligibility employee benefit employee's Employees Act established Federal feel fiduciary responsibility fiduciary standards FORSTER & CROSBY funding requirements Hansen I. W. Abel increase individuals Internal Revenue Code Internal Revenue Service investment ment million minimum funding NYHART party in interest past service pension benefits pension fund Pension Plans Disclosure percent PERRIN plan termination Plans Disclosure Act portability present private pension plans private pension system private plans problems profit sharing plans proposed prudent man rule qualified reasonable regulation reinsurance Retirement Income Security rule of 50 SAVITZ Secretary of Labor Section Security for Employees Senator Javits Senator TAFT Subcommittee termination of employment testimony tion TPF/C trust U.S. Senator unfunded liabilities union vested benefits vested rights vesting provisions vesting requirements Welfare and Pension WILLIS workers
Popular passages
Page 1175 - Hearings Before the Subcommittee on Labor of the Senate Committee on Labor and Public Welfare on S.
Page 1094 - ... any fee, brokerage, commission, gift or other consideration for or on acco.unt of any loan, deposit, purchase, sale, payment or exchange made by or...
Page 1093 - HR 9596 was introduced to accomplish this purpose, and hearings were held before the General Subcommittee on Labor of the House Committee on Education and Labor on March 8, 9 and 13 of that year.
Page 1103 - ... required to be made under this Act; and may provide for the keeping of books and records and the inspection of such books and records. Prior to promulgating rules or regulations, the Commission shall consult with other Federal departments or agencies which have jurisdiction over employee benefit plans with a view to avoiding unnecessary conflict, duplication or inconsistency in the rules and regulations which are applicable to such plans under other laws of the United States.
Page 1018 - Employees are to be apprised of the establishment of a plan and the salient provisions thereof. The most effective way of doing so is to furnish each employee with a copy of the plan. It may not be feasible, however, to do so in all cases. Various substitutes may therefore be used. For example, it will be sufficient that a booklet summarizing the plan in all its essential features be furnished the employees, or that a notice be posted on the company's bulletin board, which must...
Page 1038 - ... 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 emterprise of a like character and with like aims...
Page 1172 - Provides that such fund shall be deemed to be a trust and shall be held for the exclusive purpose of: (1) providing benefits to participants in the plan and their beneficiaries; and (2) defraying reasonable expenses of administering the plan.
Page 974 - My personal opinion is since all of us are public employees that the day is going to come when the next revolution is going to be those who are going to oppose the payment for a favored group of public employees of such tremendous pensions that are so much greater than anything they will ever get themselves and that is true whether we are Congressmen or comptrollers or Presidents or whatever. I feel that this is one of the great burdens that is being borne by American society.
Page 1172 - ... in his individual or any other capacity act in any transaction involving the fund on behalf of a party adverse to the fund or to the interests of its participants or beneficiaries; 15 (D) furnish goods, service or facilities of the fund to any person known to be a party in interest.
Page 1095 - ... registered investment company assignee purchasers, namely, Value Line, Convertible and RIC. By reason thereof, FOF was and is an affiliate of each of such companies so that IIT was and is an affiliate of an affiliate ( FOF) of each of such companies, within the meaning of the Investment Company Act. Section 17 (d) of the Investment Company Act and Rule 17d-l thereunder in general prohibit transactions in which any affiliate or any affiliate of an affiliate of a registered investment company is...