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.

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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.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Pension & Benefit Regulation, Pensions

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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.

Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Analysis, Employee benefits

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