Overview of the Employee Retirement Income Security Act (ERISA)

Overview of the Employee Retirement Income Security Act (ERISA)

Author: Terrence D. Anderson

Publisher:

Published: 2010

Total Pages: 0

ISBN-13: 9781607417576

DOWNLOAD EBOOK

The Employee Retirement Income Security Act of 1974 (ERISA) provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by employers. ERISA contains various provisions intended to protect the rights of plan participants and beneficiaries in employee benefit plans. This book provides background on the pension laws prior to ERISA, discusses various types of employee benefit plans governed by ERISA, provides an overview of ERISA's requirements, discusses breach of fiduciary duty claims under ERISA Section 502(a)(2) and the LaRue case and examines the regulation of health benefits under ERISA.


Book Synopsis Overview of the Employee Retirement Income Security Act (ERISA) by : Terrence D. Anderson

Download or read book Overview of the Employee Retirement Income Security Act (ERISA) written by Terrence D. Anderson and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Employee Retirement Income Security Act of 1974 (ERISA) provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by employers. ERISA contains various provisions intended to protect the rights of plan participants and beneficiaries in employee benefit plans. This book provides background on the pension laws prior to ERISA, discusses various types of employee benefit plans governed by ERISA, provides an overview of ERISA's requirements, discusses breach of fiduciary duty claims under ERISA Section 502(a)(2) and the LaRue case and examines the regulation of health benefits under ERISA.


The Employee Retirement Income Security Act of 1974

The Employee Retirement Income Security Act of 1974

Author: James Wooten

Publisher: Univ of California Press

Published: 2005-01-24

Total Pages: 433

ISBN-13: 0520931394

DOWNLOAD EBOOK

This study of the Employee Retirement Income Security Act of 1974 (ERISA) explains in detail how public officials in the executive branch and Congress overcame strong opposition from business and organized labor to pass landmark legislation regulating employer-sponsored retirement and health plans. Before Congress passed ERISA, federal law gave employers and unions great discretion in the design and operation of employee benefit plans. Most importantly, firms and unions could and often did establish pension plans that placed employees at great risk for not receiving any retirement benefits. In the early 1960s, officials in the executive branch proposed a number of regulatory initiatives to protect employees, but business groups and most labor unions objected to the key proposals. Faced with opposition from powerful interest groups, legislative entrepreneurs in Congress, chiefly New York Republican senator Jacob K. Javits, took the case for pension reform directly to voters by publicizing frightening statistics and "horror stories" about pension plans. This deft and successful effort to mobilize the media and public opinion overwhelmed the business community and organized labor and persuaded Javits's colleagues in Congress to support comprehensive pension reform legislation. The enactment of ERISA in September 1974 recast federal policy for private pension plans by making worker security an overriding objective of federal law.


Book Synopsis The Employee Retirement Income Security Act of 1974 by : James Wooten

Download or read book The Employee Retirement Income Security Act of 1974 written by James Wooten and published by Univ of California Press. This book was released on 2005-01-24 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of the Employee Retirement Income Security Act of 1974 (ERISA) explains in detail how public officials in the executive branch and Congress overcame strong opposition from business and organized labor to pass landmark legislation regulating employer-sponsored retirement and health plans. Before Congress passed ERISA, federal law gave employers and unions great discretion in the design and operation of employee benefit plans. Most importantly, firms and unions could and often did establish pension plans that placed employees at great risk for not receiving any retirement benefits. In the early 1960s, officials in the executive branch proposed a number of regulatory initiatives to protect employees, but business groups and most labor unions objected to the key proposals. Faced with opposition from powerful interest groups, legislative entrepreneurs in Congress, chiefly New York Republican senator Jacob K. Javits, took the case for pension reform directly to voters by publicizing frightening statistics and "horror stories" about pension plans. This deft and successful effort to mobilize the media and public opinion overwhelmed the business community and organized labor and persuaded Javits's colleagues in Congress to support comprehensive pension reform legislation. The enactment of ERISA in September 1974 recast federal policy for private pension plans by making worker security an overriding objective of federal law.


Often-asked Questions about the Employee Retirement Income Security Act (ERISA)

Often-asked Questions about the Employee Retirement Income Security Act (ERISA)

Author: United States. Labor-Management Services Administration. Pension and Welfare Benefit Programs

Publisher:

Published: 1979

Total Pages: 44

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis Often-asked Questions about the Employee Retirement Income Security Act (ERISA) by : United States. Labor-Management Services Administration. Pension and Welfare Benefit Programs

Download or read book Often-asked Questions about the Employee Retirement Income Security Act (ERISA) written by United States. Labor-Management Services Administration. Pension and Welfare Benefit Programs and published by . This book was released on 1979 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Crs Report for Congress

Crs Report for Congress

Author: Patrick Purcell

Publisher: BiblioGov

Published: 2013-11

Total Pages: 80

ISBN-13: 9781295254682

DOWNLOAD EBOOK

The Employee Retirement Income Security Act of 1974 (ERISA) provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by employers. ERISA contains various provisions intended to protect the rights of plan participants and beneficiaries in employee benefit plans. These protections include requirements relating to reporting and disclosure, participation, vesting, and benefit accrual, as well as plan funding. ERISA also regulates the responsibilities of plan fiduciaries and other issues regarding plan administration. ERISA contains various standards that a plan must meet in order to receive favorable tax treatment, and also governs plan termination. This report provides background on the pension laws prior to ERISA, discusses various types of employee benefit plans governed by ERISA, provides an overview of ERISA's requirements, and includes a glossary of commonly used terms.


Book Synopsis Crs Report for Congress by : Patrick Purcell

Download or read book Crs Report for Congress written by Patrick Purcell and published by BiblioGov. This book was released on 2013-11 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Employee Retirement Income Security Act of 1974 (ERISA) provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by employers. ERISA contains various provisions intended to protect the rights of plan participants and beneficiaries in employee benefit plans. These protections include requirements relating to reporting and disclosure, participation, vesting, and benefit accrual, as well as plan funding. ERISA also regulates the responsibilities of plan fiduciaries and other issues regarding plan administration. ERISA contains various standards that a plan must meet in order to receive favorable tax treatment, and also governs plan termination. This report provides background on the pension laws prior to ERISA, discusses various types of employee benefit plans governed by ERISA, provides an overview of ERISA's requirements, and includes a glossary of commonly used terms.


Summary of the Employee Retirement Income Security Act (ERISA).

Summary of the Employee Retirement Income Security Act (ERISA).

Author:

Publisher:

Published: 2008

Total Pages: 0

ISBN-13:

DOWNLOAD EBOOK

It requires plans to inform participants of their rights under the plan and of the plan's financial status, and it gives plan participants the right to sue in federal court to recover benefits that they have earned under the plan. [...] Tax qualification means that the employer can deduct the amounts contributed to the plan, the earnings on the pension trust fund are exempt from taxes until distributed, and covered employees do not have to pay income tax on the employer's contributions to the plan.3. [...] Also in 1940s, the federal courts declared that pensions were subject to collective bargaining, and that employers had to include pensions among the benefits for which unions could negotiate.5 In addition, the expansion of the income tax to include more households and the introduction of higher marginal income tax rates made the tax advantages of pensions considerably more valuable to workers. [...] CRS-3 Origins of ERISA As the number and size of private pension plans grew in the 1950s and 1960s, so did the number of instances in which employers or unions attempted to use the assets of these plans for purposes other than paying benefits to retired workers and their surviving dependents. [...] A SPD is a written summary of the provisions of an employee benefit plan that contains the terms of the plan and the benefits offered.21.


Book Synopsis Summary of the Employee Retirement Income Security Act (ERISA). by :

Download or read book Summary of the Employee Retirement Income Security Act (ERISA). written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It requires plans to inform participants of their rights under the plan and of the plan's financial status, and it gives plan participants the right to sue in federal court to recover benefits that they have earned under the plan. [...] Tax qualification means that the employer can deduct the amounts contributed to the plan, the earnings on the pension trust fund are exempt from taxes until distributed, and covered employees do not have to pay income tax on the employer's contributions to the plan.3. [...] Also in 1940s, the federal courts declared that pensions were subject to collective bargaining, and that employers had to include pensions among the benefits for which unions could negotiate.5 In addition, the expansion of the income tax to include more households and the introduction of higher marginal income tax rates made the tax advantages of pensions considerably more valuable to workers. [...] CRS-3 Origins of ERISA As the number and size of private pension plans grew in the 1950s and 1960s, so did the number of instances in which employers or unions attempted to use the assets of these plans for purposes other than paying benefits to retired workers and their surviving dependents. [...] A SPD is a written summary of the provisions of an employee benefit plan that contains the terms of the plan and the benefits offered.21.


Employee Retirement Income Security Act

Employee Retirement Income Security Act

Author: United States. Department of Labor

Publisher:

Published: 1975

Total Pages: 56

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis Employee Retirement Income Security Act by : United States. Department of Labor

Download or read book Employee Retirement Income Security Act written by United States. Department of Labor and published by . This book was released on 1975 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Employee Retirement Income Security Act

Employee Retirement Income Security Act

Author: United States. Department of Labor

Publisher:

Published: 1976

Total Pages: 56

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis Employee Retirement Income Security Act by : United States. Department of Labor

Download or read book Employee Retirement Income Security Act written by United States. Department of Labor and published by . This book was released on 1976 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Introduction to Employee Benefits Law

Introduction to Employee Benefits Law

Author: Kathryn J. Kennedy

Publisher:

Published: 2020-11

Total Pages: 566

ISBN-13: 9781531018276

DOWNLOAD EBOOK


Book Synopsis Introduction to Employee Benefits Law by : Kathryn J. Kennedy

Download or read book Introduction to Employee Benefits Law written by Kathryn J. Kennedy and published by . This book was released on 2020-11 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt:


S. 209, the ERISA Improvements Act of 1979

S. 209, the ERISA Improvements Act of 1979

Author: United States. Congress. Senate. Committee on Labor and Human Resources

Publisher:

Published: 1979

Total Pages: 192

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis S. 209, the ERISA Improvements Act of 1979 by : United States. Congress. Senate. Committee on Labor and Human Resources

Download or read book S. 209, the ERISA Improvements Act of 1979 written by United States. Congress. Senate. Committee on Labor and Human Resources and published by . This book was released on 1979 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The Employee Retirement Income Security Act

The Employee Retirement Income Security Act

Author: United States. Commission on Federal Paperwork

Publisher:

Published: 1977

Total Pages: 76

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis The Employee Retirement Income Security Act by : United States. Commission on Federal Paperwork

Download or read book The Employee Retirement Income Security Act written by United States. Commission on Federal Paperwork and published by . This book was released on 1977 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: