Not all protected benefits need be preserved after trustee-to-trustee transfer

Article Abstract:

The IRS in Letter Ruling 9743045 allowed the elimination of a hardship distribution feature for employees whose qualified benefits plan was transferred to a new employer after the asset sale of the original employer. The new employer's qualified plan did not contain the hardship feature and the transfer was non-elective. The IRS reasoned that plan features which are subject to amendment, such as hardship distributions, should be amenable to elimination after a transfer between plans.

Acquisitions and mergers

---

President's 1999 budget proposal contains pension reform provisions

Article Abstract:

President Clinton's 1999 budget plan calls for the small business Secure Money Annuity or Retirement Trust (SMART) simplified defined benefit plan. The plan would allow smaller employers to elect insurance company-issued annuity or limited investment trust vehicles. The rules applicable to SMART plans would vary from those of qualified plans in several respects. Bipartisan support is an encouraging sign of eventual enactment.

Small business

---

Similar abstracts:

• Abstracts: Back to BASIC - stages of international tax planning or: getting the grip on a rocky road
• Abstracts: Strategic directions for North American industrial relations academic units: the Laval experience. Some principles of economics for human resource management
• Abstracts: "The Path of the Law" after one hundred years. Law as the continuation of God by other means
• Abstracts: ALEC's charge down regulatory road. What a power-full world this could be. Pushing the envelope: Guatemala's private delivery services
• Abstracts: Accurate calculation of short-swing profits under section 16(b) of the Securities Exchange Act of 1934. The erosion of the law of controlling shareholders

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.