Tax Proposals Affecting Private Pension Plans: Hearings Before..., 92-2.... |
From inside the book
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Page 15
... AMENDMENT OF 1954 CODE . - Except as otherwise expressly pro- vided , whenever in this Act an amendment is expressed in terms ... amended by adding at the end thereof the following new paragraphs : " ( 11 ) A trust shall not constitute a ...
... AMENDMENT OF 1954 CODE . - Except as otherwise expressly pro- vided , whenever in this Act an amendment is expressed in terms ... amended by adding at the end thereof the following new paragraphs : " ( 11 ) A trust shall not constitute a ...
Page 16
... amended to increase benefits directly or indirectly within the 5 - year period following the close of such plan year . " ( b ) PLANS BENEFITING OWNER - EMPLOYEES.- ( 1 ) ELIGIBILITY . - Paragraph ( 3 ) of section 401 ( d ) ( relating to ...
... amended to increase benefits directly or indirectly within the 5 - year period following the close of such plan year . " ( b ) PLANS BENEFITING OWNER - EMPLOYEES.- ( 1 ) ELIGIBILITY . - Paragraph ( 3 ) of section 401 ( d ) ( relating to ...
Page 17
... amended to read as follows : " ( A ) an employee's rights in at least 50 percent of his accrued benefit ( determined in accordance with regulations prescribed by the Secretary or his delegate ) are nonforfeit- able as of the close of ...
... amended to read as follows : " ( A ) an employee's rights in at least 50 percent of his accrued benefit ( determined in accordance with regulations prescribed by the Secretary or his delegate ) are nonforfeit- able as of the close of ...
Page 18
... AMENDMENTS.— ( 1 ) Section 404 ( a ) ( 2 ) ( relating to deduction for contribu- tions of an employer to employees ' annuity plan ) is amended by striking out " section 401 ( a ) ( 3 ) , ( 4 ) , ( 5 ) , ( 6 ) , ( 7 ) , and ( 8 ) , and ...
... AMENDMENTS.— ( 1 ) Section 404 ( a ) ( 2 ) ( relating to deduction for contribu- tions of an employer to employees ' annuity plan ) is amended by striking out " section 401 ( a ) ( 3 ) , ( 4 ) , ( 5 ) , ( 6 ) , ( 7 ) , and ( 8 ) , and ...
Page 22
... amended by redesignating subsection ( p ) as subsection ( q ) and by inserting after subsection ( o ) the following new subsection : " ( p ) PREMATURE DISTRIBUTIONS FROM QUALIFIED INDIVIDUAL RE- TIREMENT ACCOUNTS.- - " ( 1 ) APPLICATION ...
... amended by redesignating subsection ( p ) as subsection ( q ) and by inserting after subsection ( o ) the following new subsection : " ( p ) PREMATURE DISTRIBUTIONS FROM QUALIFIED INDIVIDUAL RE- TIREMENT ACCOUNTS.- - " ( 1 ) APPLICATION ...
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Common terms and phrases
accrued benefit actuarial administration amended American American Bar Association amount annuity assets bank Bar Association behalf bill capital Chairman Mills Cohen Committee Congress CORMAN corporate cost covered earned income economic eligible employee benefit employee's employer contributions employment established factor of production Federal fiduciary financing forwarded by Sheldon increase individual retirement account industry Internal Revenue Code Internal Revenue Service investment Keogh labor letter dated liabilities limitation Means ment million owner-employee ownership participation payment Penn Center pension benefits pension funds percent present private pension plans private pension system private retirement problem profit sharing proposed section qualified individual retirement qualified plan recommend regulations reinsurance requirements retirement benefits retirement income retirement plans retirement savings retirement system rule of 50 savings plan SCHNEEBELI section 401 self-employed individuals self-employed persons social security statement subsection tax deduction taxable Thank tion trust vested benefits vice president workers
Popular passages
Page 721 - Vacancies in the membership of the joint committee shall not affect the power of the remaining members to execute the functions of the joint committee, and shall be filled in the same manner as in the case of the original selection. The joint committee shall select a chairman and a vice chairman from among Its members.
Page 721 - ... to require, by subpena or otherwise, the attendance of such witnesses and the production of such books, papers, and documents, to administer such oaths, to take such testimony, to procure such printing and binding, and to make such expenditures as it deems advisable.
Page 276 - A trust forming part of a stock bonus, pension, or profit-sharing plan of an employer for the exclusive benefit of his employees or their beneficiaries...
Page 239 - The amount actually distributed or made available to any distributee by any such trust shall be taxable to him, In the year In which so distributed or made available, under section...
Page 236 - In each case employees who have been employed not more than a minimum period prescribed by the plan, not exceeding 5 years, employees whose customary employment Is for not more than 20 hours In any one week, and employees whose customary employment Is for not more than 5 months In any calendar year...
Page 310 - Secretary or his delegate not to be discriminatory in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees; and (4) If the contributions or benefits provided under the plan do not discriminate in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees.
Page 714 - Report required by section 201; (2) to gather timely and authoritative information concerning the conditions and trends in the quality of the environment both current and prospective, to analyze and interpret such information for the purpose of determining whether such conditions and trends...
Page 705 - EMPLOYMENT ACT OF 1946, AS AMENDED, WITH RELATED LAWS (60 Stat. 23) [PUBLIC LAW 304— 79TH CONGRESS] AN ACT To declare a national policy on employment, production, and purchasing power, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLE SECTION 1 . This Act may be cited as the "Employment Act of 1946".
Page 842 - Council of the Wharton School of Finance and Commerce of the University of Pennsylvania which is a definitive study of the matter.
Page 713 - Senate, and each of whom shall be a person who, as a result of his training, experience, and attainments, is exceptionally qualified to analyze and interpret economic developments, to appraise programs and activities of the Government in the light of the policy declared in Section 2, and to formulate and recommend national economic policy to promote employment, production, and purchasing power under free competitive enterprise.