When Johnny comes marching home

Article Abstract:

Pres. Clinton signed into law the 'Uniformed Services Employment and Reemployment Rights Act.' The new law obligates employers to re-employ individuals returning from military duty and continue paying for their pension benefits. Veterans are allowed to be covered by health care with the signing of the law. Employers are required to extend service credit in defined benefit plans and pay for missed contributions earned by employees. Small direct dollar effects and administrative problems are anticipated with the enactment of the new law.

Veterans Benefits & Services, Administration of Veterans' Affairs, Laws, regulations and rules, Clinton, Bill, Compensation and benefits, Social policy, Defined benefit plans, Veterans, Veterans' benefits

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Expanded IRA may impact participation

Article Abstract:

The planned expansion of the Individual Retirement Account (IRA) has been criticized for its alleged detrimental effect on the status of 401(k) plans. Critics see the IRA as an undertaking that would unfairly compete for the pension contributions of employees. In light of this development, suggestions have been made for 401(k) plan sponsors to increase the attractiveness of their plans through the granting of more participatory rights. Dow Corning is one company that has precisely undertaken this measure.

Planning, Individual retirement accounts

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Securities litigation reform would be positive step

Article Abstract:

The Republican-dominated Congress has plans of improving the business climate through such measures as decreasing the cost of securities litigation lawsuits. These legal actions, many of them arising from inconsequential reasons, are usually timed to the decrease of firms' share prices. The planned reform would eliminate the unwarranted costs in terms of lawyers' fees during such legal entanglements.

Interpretation and construction, Cases, Securities, Investors, Securities law

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