Debate rages about implications of flat tax proposals

Article Abstract:

Senator Robert Packwood of the Senate Finance Committee is one of the advocates for a flat tax. This proposal is being opposed by Representative Bill Archer of the House Ways and Means Committee. A flat tax is characterized by a single tax lower than the current rate, minimal deductions, a limit to which low-income earners are not taxed and no tax on savings. Pension planners are not optimistic about it since employers will not be able to deduct contributions to qualified plans.

Pension, health, and welfare funds, Interpretation and construction, Taxation, Tax law, Economic aspects, Defined benefit plans, Flat tax

---

Form 5500: agency tackles paperwork with electronic filing

Article Abstract:

Pension fund administrators are examining possibilities in the application of technology to administrative functions such as filing Internal Revenue Service (IRS) forms. However, some agencies are wary of federal government plans to adapt electronic filing system standards, particularly over Form 5500 pension statement processing by the IRS and the Dept. of Labor. The department has assured benefit planners of such system integration into pension processing.

Software Publishers, Business Software Pkgs (Micro), Evaluation, Business management software, Suites (Software), Information management, United States. Internal Revenue Service, Electronic filing systems

---

Funding notice: plan sponsors react to PBGC proposal

Article Abstract:

The Pension Benefit Guaranty Corp. has proposed a standard for reporting pension plan status. The proposed standard is in compliance with the 1994 Retirement Protection Act which mandates companies with pension plans that are less than 90% funded to make annual fund status reports. Commenting on the proposed standard, pension managers stressed the importance of not getting plan participants over-alarmed about reports of under-funding.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Pension & Benefit Regulation, Standards, Accounting and auditing, Pensions, United States. Pension Benefit Guaranty Corp.

Similar abstracts:

• Abstracts: Diffusing 'best practice' in multinational firms: prospects, practice and contestation. Transforming multinational enterprises: towards a process model of strategic human resource management change
• Abstracts: Learning to manage host-country nationals. Navigating your search for global talent. Danger below! Spot failing global assignments
• Abstracts: Managed care operations and plan design. Access to services: what are the real needs? The customer satisfaction factor: the value of conducting employee evaluations of managed care networks
• Abstracts: Retirement plans in bankruptcy - who gets the assets. Pension plans - vouchers - noncash benefits - breach of fiduciary duty - failure to fund plan

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