Veterans' reemployment rights legislation enacted
Article Abstract:
The Uniformed Services Employment and Reemployment Rights Act of 1994 provides new benefits and privileges for servicemen who have been reemployed. An important provision requires the employer to treat the comebacking employee as if he had not taken the military leave at all. Thus, retirement plans even during his absence will continually to be funded. Certain conditions have to be met, nevertheless, before the employee qualifies for such privilege. The new health and pension benefits may however conflict with companies' existing plans and Congress has to resolve this problem.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1995
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Pension simplification becomes a reality
Article Abstract:
The Small Business Job Protection Act of 1996 contains provisions that simplify the process of complying with pension plan rules. The Act provides protection from the elimination of Actual Deferral Percentage and Actual Contribution Percentage nondiscrimination tests in 401(k) plans. It also calls for the implementation of savings incentive match plans and the removal of the 10 yr. vesting schedule for multiemployer plans and the five-yr. averaging method for lump sum distributions.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1996
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Hybrid pension plans: a solution for some employers
Article Abstract:
Employers can offer hybrid pension plans that lower administrative costs and future benefit accruals while improving plan flexibility. The cash balance plan is a hybrid plan that gives out an annual amount to the participant while accruing interest. A retirement bonus plan provides benefits computed from retirement bonus credits, and an age-weighted profit-sharing plan requires contributions based on the age of the participant.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1995
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- Abstracts: New legislative agenda will affect benefits legislation. Aging population continues to influence agenda. Retirement issues active at end of session
- Abstracts: Postemployment benefits: choosing assumptions and implementing SFAS 106. Trends in retiree health care costs
- Abstracts: Current environment: Hurricane Katrina's impact likely to be far reaching
- Abstracts: Current environment - industry performance remains strong. Comparative company analysis - insurance, life and health
- Abstracts: Targeting mid-America. Large carriers cash in on small firms going global. The line is blurring in professional liability