Page 1287 TITLE 26 INTERNAL REVENUE CODE 419

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Page 1287 TITLE 26 INTERNAL REVENUE CODE 419"

Transcription

1 Page 1287 TITLE 26 INTERNAL REVENUE CODE 419 into account the plan s recent and anticipated financial experience, that the plan s available resources are not sufficient to pay benefits under the plan when due for the next plan year, the plan sponsor shall make such determination available to interested parties. (3) Determination of resource benefit level The plan sponsor of a plan in reorganization shall determine in writing for each insolvency year the resource benefit level and the level of basic benefits no later than 3 months before the insolvency year. (e) Notice requirements (1) Impending insolvency If the plan sponsor of a plan in reorganization determines under subsection (d)(1) or (2) that the plan may become insolvent (within the meaning of subsection (b)(1)), the plan sponsor shall (A) notify the Secretary, the Pension Benefit Guaranty Corporation, the parties described in section 418A(a)(2), and the plan participants and beneficiaries of that determination, and (B) inform the parties described in section 418A(a)(2) and the plan participants and beneficiaries that if insolvency occurs certain benefit payments will be suspended, but that basic benefits will continue to be paid. (2) Resource benefit level No later than 2 months before the first day of each insolvency year, the plan sponsor of a plan in reorganization shall notify the Secretary, the Pension Benefit Guaranty Corporation, the parties described in section 418A(a)(2), and the plan participants and beneficiaries of the resource benefit level determined in writing for that insolvency year. (3) Potential need for financial assistance In any case in which the plan sponsor anticipates that the resource benefit level for an insolvency year may not exceed the level of basic benefits, the plan sponsor shall notify the Pension Benefit Guaranty Corporation. (4) Regulations Notice required by this subsection shall be given in accordance with regulations prescribed by the Pension Benefit Guaranty Corporation, except that notice to the Secretary shall be given in accordance with regulations prescribed by the Secretary. (5) Corporation may prescribe time The Pension Benefit Guaranty Corporation may prescribe a time other than the time prescribed by this section for the making of a determination or the filing of a notice under this section. (f) Financial assistance (1) Permissive application If the plan sponsor of an insolvent plan for which the resource benefit level is above the level of basic benefits anticipates that, for any month in an insolvency year, the plan will not have funds sufficient to pay basic benefits, the plan sponsor may apply for financial assistance from the Pension Benefit Guaranty Corporation under section 4261 of the Employee Retirement Income Security Act of (2) Mandatory application A plan sponsor who has determined a resource benefit level for an insolvency year which is below the level of basic benefits shall apply for financial assistance from the Pension Benefit Guaranty Corporation under section 4261 of the Employee Retirement Income Security Act of (g) Financial assistance Any amount of any financial assistance from the Pension Benefit Guaranty Corporation to any plan, and any repayment of such amount, shall be taken into account under this subpart in such manner as determined by the Secretary. (Added Pub. L , title II, 202(a), Sept. 26, 1980, 94 Stat. 1282; amended Pub. L , title II, 213(a), Aug. 17, 2006, 120 Stat. 917.) REFERENCES IN TEXT Section 4022A(g)(5) of the Employee Retirement Income Security Act of 1974, referred to in subsec. (a), is classified to section 1322a(g)(5) of Title 29, Labor. Section 4261 of the Employee Retirement Income Security Act of 1974, referred to in subsecs. (b)(3) and (f), is classified to section 1431 of Title 29. AMENDMENTS 2006 Subsec. (d)(1). Pub. L substituted 5 plan years for 3 plan years the second place it appeared and inserted at end If the plan sponsor makes such a determination that the plan will be insolvent in any of the next 5 plan years, the plan sponsor shall make the comparison under this paragraph at least annually until the plan sponsor makes a determination that the plan will not be insolvent in any of the next 5 plan years. EFFECTIVE DATE OF 2006 AMENDMENT Pub. L , title II, 213(b), Aug. 17, 2006, 120 Stat. 918, provided that: The amendments made by this section [amending this section] shall apply with respect to the determinations made in plan years beginning after SUBPART D TREATMENT OF WELFARE BENEFIT FUNDS Sec Treatment of funded welfare benefit plans. 419A. Qualified asset account; limitation on additions to account Treatment of funded welfare benefit plans (a) General rule Contributions paid or accrued by an employer to a welfare benefit fund (1) shall not be deductible under this chapter, but (2) if they would otherwise be deductible, shall (subject to the limitation of subsection (b)) be deductible under this section for the taxable year in which paid. (b) Limitation The amount of the deduction allowable under subsection (a)(2) for any taxable year shall not exceed the welfare benefit fund s qualified cost for the taxable year. (c) Qualified cost

2 419 TITLE 26 INTERNAL REVENUE CODE Page 1288 Except as otherwise provided in this subsection, the term qualified cost means, with respect to any taxable year, the sum of (A) the qualified direct cost for such taxable year, and (B) subject to the limitation of section 419A(b), any addition to a qualified asset account for the taxable year. (2) Reduction for funds after-tax income In the case of any welfare benefit fund, the qualified cost for any taxable year shall be reduced by such fund s after-tax income for such taxable year. (3) Qualified direct cost The term qualified direct cost means, with respect to any taxable year, the aggregate amount (including administrative expenses) which would have been allowable as a deduction to the employer with respect to the benefits provided during the taxable year, if (i) such benefits were provided directly by the employer, and (ii) the employer used the cash receipts and disbursements method of accounting. (B) Time when benefits provided For purposes of subparagraph (A), a benefit shall be treated as provided when such benefit would be includible in the gross income of the employee if provided directly by the employer (or would be so includible but for any provision of this chapter excluding such benefit from gross income). (C) 60-month amortization of child care facilities (i) In general In determining qualified direct costs with respect to any child care facility for purposes of subparagraph (A), in lieu of depreciation the adjusted basis of such facility shall be allowable as a deduction ratably over a period of 60 months beginning with the month in which the facility is placed in service. (ii) Child care facility The term child care facility means any tangible property which qualifies under regulations prescribed by the Secretary as a child care center primarily for children of employees of the employer; except that such term shall not include any property (I) not of a character subject to depreciation; or (II) located outside the United States. (4) After-tax income The term after-tax income means, with respect to any taxable year, the gross income of the welfare benefit fund reduced by the sum of (i) the deductions allowed by this chapter which are directly connected with the production of such gross income, and (ii) the tax imposed by this chapter on the fund for the taxable year. (B) Treatment of certain amounts In determining the gross income of any welfare benefit fund (i) contributions and other amounts received from employees shall be taken into account, but (ii) contributions from the employer shall not be taken into account. (5) Item only taken into account once No item may be taken into account more than once in determining the qualified cost of any welfare benefit fund. (d) Carryover of excess contributions If (1) the amount of the contributions paid (or deemed paid under this subsection) by the employer during any taxable year to a welfare benefit fund, exceeds (2) the limitation of subsection (b), such excess shall be treated as an amount paid by the employer to such fund during the succeeding taxable year. (e) Welfare benefit fund The term welfare benefit fund means any fund (A) which is part of a plan of an employer, and (B) through which the employer provides welfare benefits to employees or their beneficiaries. (2) Welfare benefit The term welfare benefit means any benefit other than a benefit with respect to which (A) section 83(h) applies, (B) section 404 applies (determined without regard to section 404(b)(2)), or (C) section 404A applies. (3) Fund The term fund means (A) any organization described in paragraph (7), (9), (17), or (20) of section 501(c), (B) any trust, corporation, or other organization not exempt from the tax imposed by this chapter, and (C) to the extent provided in regulations, any account held for an employer by any person. (4) Treatment of amounts held pursuant to certain insurance contracts Notwithstanding paragraph (3)(C), the term fund shall not include amounts held by an insurance company pursuant to an insurance contract if (i) such contract is a life insurance contract described in section 264(a)(1), or (ii) such contract is a qualified nonguaranteed contract. (B) Qualified nonguaranteed contract (i) In general For purposes of this paragraph, the term qualified nonguaranteed contract means

3 Page 1289 TITLE 26 INTERNAL REVENUE CODE 419 any insurance contract (including a reasonable premium stabilization reserve held thereunder) if (I) there is no guarantee of a renewal of such contract, and (II) other than insurance protection, the only payments to which the employer or employees are entitled are experience rated refunds or policy dividends which are not guaranteed and which are determined by factors other than the amount of welfare benefits paid to (or on behalf of) the employees of the employer or their beneficiaries. (ii) Limitation In the case of any qualified nonguaranteed contract, subparagraph (A) shall not apply unless the amount of any experience rated refund or policy dividend payable to an employer with respect to a policy year is treated by the employer as received or accrued in the taxable year in which the policy year ends. (f) Method of contributions, etc., having the effect of a plan If (1) there is no plan, but (2) there is a method or arrangement of employer contributions or benefits which has the effect of a plan, this section shall apply as if there were a plan. (g) Extension to plans for independent contractors If any fund would be a welfare benefit fund (as modified by subsection (f)) but for the fact that there is no employee-employer relationship (1) this section shall apply as if there were such a relationship, and (2) any reference in this section to the employer shall be treated as a reference to the person for whom services are provided, and any reference in this section to an employee shall be treated as a reference to the person providing the services. (Added Pub. L , div. A, title V, 511(a), July 18, 1984, 98 Stat. 854; amended Pub. L , title XVIII, 1851(a)(1), (8)(A), (b)(2)(c)(iv), Oct. 22, 1986, 100 Stat. 2858, 2860, 2863; Pub. L , title IX, 10201(b)(4), Dec. 22, 1987, 101 Stat ; Pub. L , title I, 1018(t)(2)(C), Nov. 10, 1988, 102 Stat ) AMENDMENTS 1988 Subsec. (a)(1). Pub. L substituted chapter for subchapter Subsec. (e)(2)(d). Pub. L struck out subpar. (D) which related to a benefit with respect to which an election under section 463 applies Subsec. (a)(1). Pub. L , 1851(b)(2)(C)(iv)(I), substituted under this subchapter for under section 162 or 212. Subsec. (a)(2). Pub. L , 1851(b)(2)(C)(iv)(II), substituted they would otherwise be deductible for they satisfy the requirements of either of such sections. Subsec. (e)(4). Pub. L , 1851(a)(8)(A), added par. (4). Subsec. (g)(1). Pub. L , 1851(a)(1), substituted such a relationship for such a plan. EFFECTIVE DATE OF 1988 AMENDMENT Amendment by Pub. L effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L , to which such amendment relates, see section 1019(a) of Pub. L , set out as a note under section 1 of this title. EFFECTIVE DATE OF 1987 AMENDMENT Amendment by Pub. L applicable to taxable years beginning after Dec. 31, 1987, see section 10201(c)(1) of Pub. L , set out as a note under section 404 of this title. EFFECTIVE DATE OF 1986 AMENDMENT Amendment by Pub. L effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, Pub. L , div. A, to which such amendment relates, see section 1881 of Pub. L , set out as a note under section 48 of this title. EFFECTIVE DATE Section 511(e) of Pub. L , as amended by Pub. L , title XVIII, 1851(a)(12), (14), Oct. 22, 1986, 100 Stat. 2862, provided that: (1) IN GENERAL. Except as otherwise provided in this subsection, the amendments made by this section [enacting this subpart] shall apply to contributions paid or accrued after December 31, 1985, in taxable years ending after such date. (2) SPECIAL RULE FOR COLLECTIVE BARGAINING AGREE- MENTS. In the case of plan maintained pursuant to 1 or more collective bargaining agreements (A) between employee representatives and 1 or more employers, and (B) in effect on July 1, 1985 (or ratified on or before such date), the amendments made by this section shall not apply to years beginning before the date on which the last of the collective bargaining agreements relating to the plan terminates (determined without regard to any extension thereof agreed to after July 1, 1985). (3) SPECIAL RULE FOR PARAGRAPH (2). For purposes of paragraph (2), any plan amendment made pursuant to a collective bargaining agreement relating to the plan which amends the plan solely to conform to any requirement added by this section shall not be treated as a termination of such collective bargaining agreement. (4) SPECIAL EFFECTIVE DATE FOR CONTRIBUTIONS OF FACILITIES. Notwithstanding paragraphs (1) and (2), the amendments made by this section shall apply in the case of (A) any contribution after June 22, 1984, of a facility to a welfare benefit fund, and (B) any other contribution after June 22, 1984, to a welfare benefit fund to be used to acquire or improve a facility. (5) BINDING CONTRACT EXCEPTIONS TO PARAGRAPH (4). Paragraph (4) shall not apply to any facility placed in service before January 1, 1987 (A) which is acquired or improved by the fund (or contributed to the fund) pursuant to a binding contract in effect on June 22, 1984, and at all times thereafter, or (B) the construction of which by or for the fund began before June 22, (6) AMENDMENTS RELATED TO TAX ON UNRELATED BUSINESS INCOME. The amendments made by subsection (b) [amending section 512 of this title] shall apply with respect to taxable years ending after December 31, For purposes of section 15 of the Internal Revenue Code of 1954 [now 1986], such amendments shall be treated as a change in the rate of a tax imposed by chapter 1 of such Code. (7) AMENDMENTS RELATED TO EXCISE TAXES ON CER- TAIN WELFARE BENEFIT PLANS. The amendments made by subsection (c) [enacting section 4976 of this title] shall apply to benefits provided after December 31, PLAN AMENDMENTS NOT REQUIRED UNTIL JANUARY 1, 1989 For provisions directing that if any amendments made by subtitle A or subtitle C of title XI [

4 419A TITLE 26 INTERNAL REVENUE CODE Page 1290 and ] or title XVIII [ A] of Pub. L require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after Jan. 1, 1989, see section 1140 of Pub. L , as amended, set out as a note under section 401 of this title. EFFECTIVE DATE OF REGULATIONS Section 1851(a)(8)(B) of Pub. L provided that: Except in the case of a reserve for post-retirement medical or life insurance benefits and any other arrangement between an insurance company and an employer under which the employer has a contractual right to a refund or dividend based solely on the experience of such employer, any account held for an employer by any person and defined as a fund in regulations issued pursuant to section 419(e)(3)(C) of the Internal Revenue Code of 1954 [now 1986] shall be considered a fund no earlier than 6 months following the date such regulations are published in final form. 419A. Qualified asset account; limitation on additions to account (a) General rule For purposes of this subpart and section 512, the term qualified asset account means any account consisting of assets set aside to provide for the payment of (1) disability benefits, (2) medical benefits, (3) SUB or severance pay benefits, or (4) life insurance benefits. (b) Limitation on additions to account No addition to any qualified asset account may be taken into account under section 419(c)(1)(B) to the extent such addition results in the amount in such account exceeding the account limit. (c) Account limit Except as otherwise provided in this subsection, the account limit for any qualified asset account for any taxable year is the amount reasonably and actuarially necessary to fund (A) claims incurred but unpaid (as of the close of such taxable year) for benefits referred to in subsection (a), and (B) administrative costs with respect to such claims. (2) Additional reserve for post-retirement medical and life insurance benefits The account limit for any taxable year may include a reserve funded over the working lives of the covered employees and actuarially determined on a level basis (using assumptions that are reasonable in the aggregate) as necessary for (A) post-retirement medical benefits to be provided to covered employees (determined on the basis of current medical costs), or (B) post-retirement life insurance benefits to be provided to covered employees. (3) Amount taken into account for SUB or severance pay benefits The account limit for any taxable year with respect to SUB or severance pay benefits is 75 percent of the average annual qualified direct costs for SUB or severance pay benefits for any 2 of the immediately preceding 7 taxable years (as selected by the fund). (B) Special rule for certain new plans In the case of any new plan for which SUB or severance pay benefits are not available to any key employee, the Secretary shall, by regulations, provide for an interim amount to be taken into account under paragraph (1). (4) Limitation on amounts to be taken into account (A) Disability benefits For purposes of paragraph (1), disability benefits payable to any individual shall not be taken into account to the extent such benefits are payable at an annual rate in excess of the lower of (i) 75 percent of such individual s average compensation for his high 3 years (within the meaning of section 415(b)(3)), or (ii) the limitation in effect under section 415(b)(1)(A). (B) Limitation on SUB or severance pay benefits For purposes of paragraph (3), any SUB or severance pay benefit payable to any individual shall not be taken into account to the extent such benefit is payable at an annual rate in excess of 150 percent of the limitation in effect under section 415(c)(1)(A). (5) Special limitation where no actuarial certification Unless there is an actuarial certification of the account limit determined under this subsection for any taxable year, the account limit for such taxable year shall not exceed the sum of the safe harbor limits for such taxable year. (B) Safe harbor limits (i) Short-term disability benefits In the case of short-term disability benefits, the safe harbor limit for any taxable year is 17.5 percent of the qualified direct costs (other than insurance premiums) for the immediately preceding taxable year with respect to such benefits. (ii) Medical benefits In the case of medical benefits, the safe harbor limit for any taxable year is 35 percent of the qualified direct costs (other than insurance premiums) for the immediately preceding taxable year with respect to medical benefits. (iii) SUB or severance pay benefits In the case of SUB or severance pay benefits, the safe harbor limit for any taxable year is the amount determined under paragraph (3). (iv) Long-term disability or life insurance benefits In the case of any long-term disability benefit or life insurance benefit, the safe

5 Page 1291 TITLE 26 INTERNAL REVENUE CODE 419A harbor limit for any taxable year shall be the amount prescribed by regulations. (6) Additional reserve for medical benefits of bona fide association plans An applicable account limit for any taxable year may include a reserve in an amount not to exceed 35 percent of the sum of (i) the qualified direct costs, and (ii) the change in claims incurred but unpaid, for such taxable year with respect to medical benefits (other than post-retirement medical benefits). (B) Applicable account limit For purposes of this subsection, the term applicable account limit means an account limit for a qualified asset account with respect to medical benefits provided through a plan maintained by a bona fide association (as defined in section 2791(d)(3) of the Public Health Service Act (42 U.S.C. 300gg 91(d)(3)). 1 (d) Requirement of separate accounts for post-retirement medical or life insurance benefits provided to key employees In the case of any employee who is a key employee (A) a separate account shall be established for any medical benefits or life insurance benefits provided with respect to such employee after retirement, and (B) medical benefits and life insurance benefits provided with respect to such employee after retirement may only be paid from such separate account. The requirements of this paragraph shall apply to the first taxable year for which a reserve is taken into account under subsection (c)(2) and to all subsequent taxable years. (2) Coordination with section 415 For purposes of section 415, any amount attributable to medical benefits allocated to an account established under paragraph (1) shall be treated as an annual addition to a defined contribution plan for purposes of section 415(c). Subparagraph (B) of section 415(c)(1) shall not apply to any amount treated as an annual addition under the preceding sentence. (3) Key employee For purposes of this section, the term key employee means any employee who, at any time during the plan year or any preceding plan year, is or was a key employee as defined in section 416(i). (e) Special limitations on reserves for medical benefits or life insurance benefits provided to retired employees (1) Reserve must be nondiscriminatory No reserve may be taken into account under subsection (c)(2) for post-retirement medical 1 So in original. The period probably should be preceded by an additional closing parenthesis. benefits or life insurance benefits to be provided to covered employees unless the plan meets the requirements of section 505(b) with respect to such benefits (whether or not such requirements apply to such plan). The preceding sentence shall not apply to any plan maintained pursuant to an agreement between employee representatives and 1 or more employers if the Secretary finds that such agreement is a collective bargaining agreement and that post-retirement medical benefits or life insurance benefits were the subject of good faith bargaining between such employee representatives and such employer or employers. (2) Limitation on amount of life insurance benefits Life insurance benefits shall not be taken into account under subsection (c)(2) to the extent the aggregate amount of such benefits to be provided with respect to the employee exceeds $50,000. (f) Definitions and other special rules (1) SUB or severance pay benefit The term SUB or severance pay benefit means (A) any supplemental unemployment compensation benefit (as defined in section 501(c)(17)(D)), and (B) any severance pay benefit. (2) Medical benefit The term medical benefit means a benefit which consists of the providing (directly or through insurance) of medical care (as defined in section 213(d)). (3) Life insurance benefit The term life insurance benefit includes any other death benefit. (4) Valuation For purposes of this section, the amount of the qualified asset account shall be the value of the assets in such account (as determined under regulations). (5) Special rule for collective bargained and employee pay-all plans No account limits shall apply in the case of any qualified asset account under a separate welfare benefit fund (A) under a collective bargaining agreement, or (B) an employee pay-all plan under section 501(c)(9) if (i) such plan has at least 50 employees (determined without regard to subsection (h)(1)), and (ii) no employee is entitled to a refund with respect to amounts in the fund, other than a refund based on the experience of the entire fund. (6) Exception for 10-or-more employer plans This subpart shall not apply in the case of any welfare benefit fund which is part of a 10 or more employer plan. The preceding sentence shall not apply to any plan which

6 419A TITLE 26 INTERNAL REVENUE CODE Page 1292 maintains experience-rating arrangements with respect to individual employers. (B) 10 or more employer plan For purposes of subparagraph (A), the term 10 or more employer plan means a plan (i) to which more than 1 employer contributes, and (ii) to which no employer normally contributes more than 10 percent of the total contributions contributed under the plan by all employers. (7) Adjustments for existing excess reserves (A) Increase in account limit The account limit for any of the first 4 taxable years to which this section applies shall be increased by the applicable percentage of any existing excess reserves. (B) Applicable percentage For purposes of subparagraph (A) The applicable In the case of: percentage is: The first taxable year to which this section applies The second taxable year to which this section applies The third taxable year to which this section applies The fourth taxable year to which this section applies (C) Existing excess reserve For purposes of computing the increase under subparagraph (A) for any taxable year, the term existing excess reserve means the excess (if any) of (i) the amount of assets set aside at the close of the first taxable year ending after July 18, 1984, for purposes described in subsection (a), over (ii) the account limit determined under this section (without regard to this paragraph) for the taxable year for which such increase is being computed. (D) Funds to which paragraph applies This paragraph shall apply only to a welfare benefit fund which, as of July 18, 1984, had assets set aside for purposes described in subsection (a). (g) Employer taxed on income of welfare benefit fund in certain cases In the case of any welfare benefit fund which is not an organization described in paragraph (7), (9), (17), or (20) of section 501(c), the employer shall include in gross income for any taxable year an amount equal to such fund s deemed unrelated income for the fund s taxable year ending within the employer s taxable year. (2) Deemed unrelated income For purposes of paragraph (1), the deemed unrelated income of any welfare benefit fund shall be the amount which would have been its unrelated business taxable income under section 512(a)(3) if such fund were an organization described in paragraph (7), (9), (17), or (20) of section 501(c). (3) Coordination with section 419 If any amount is included in the gross income of an employer for any taxable year under paragraph (1) with respect to any welfare benefit fund (A) the amount of the tax imposed by this chapter which is attributable to the amount so included shall be treated as a contribution paid to such welfare benefit fund on the last day of such taxable year, and (B) the tax so attributable shall be treated as imposed on the fund for purposes of section 419(c)(4)(A). (h) Aggregation rules For purposes of this subpart (1) Aggregation of funds (A) Mandatory aggregation For purposes of subsections (c)(4), (d)(2), and (e)(2), all welfare benefit funds of an employer shall be treated as 1 fund. (B) Permissive aggregation for purposes not specified in subparagraph (A) For purposes of this section (other than the provisions specified in subparagraph (A)), at the election of the employer, 2 or more welfare benefit funds of such employer may (to the extent not inconsistent with the purposes of this subpart and section 512) be treated as 1 fund. (2) Treatment of related employers Rules similar to the rules of subsections (b), (c), (m), and (n) of section 414 shall apply. (i) Regulations The Secretary shall prescribe such regulations as may be appropriate to carry out the purposes of this subpart. Such regulations may provide that the plan administrator of any welfare benefit fund which is part of a plan to which more than 1 employer contributes shall submit such information to the employers contributing to the fund as may be necessary to enable the employers to comply with the provisions of this section. (Added Pub. L , div. A, title V, 511(a), July 18, 1984, 98 Stat. 856; amended Pub. L , title XVIII, 1851(a)(2), (3)(A), (4) (7), (9), (13), Oct. 22, 1986, 100 Stat , 2862; Pub. L , title I, 1018(t)(1)(C), (2)(A), (u)(12), Nov. 10, 1988, 102 Stat. 3587, 3590; Pub. L , title I, 1704(t)(60), Aug. 20, 1996, 110 Stat. 1890; Pub. L , title VIII, 843(a), Aug. 17, 2006, 120 Stat ) AMENDMENTS 2006 Subsec. (c)(6). Pub. L added par. (6) Subsec. (c)(3). Pub. L substituted severance for severence in heading Subsec. (a). Pub. L , 1018(u)(12), made technical amendment to directory language of Pub. L , 1851(a)(6)(B). See 1986 Amendment note below. Subsec. (f)(5). Pub. L , 1018(t)(2)(A), repealed Pub. L , 1851(a)(4). See 1986 Amendment note below. Pub. L , 1018(t)(1)(C), substituted account for accounts Subsec. (a). Pub. L , 1851(a)(6)(B), as amended by Pub. L , 1018(u)(12), inserted and section 512 after this subpart.

7 Page 1293 TITLE 26 INTERNAL REVENUE CODE 420 Subsec. (c)(5)(a). Pub. L , 1851(a)(5), substituted under this subsection for under paragraph (1). Subsec. (d)(1). Pub. L , 1851(a)(2)(B), inserted The requirements of this paragraph shall apply to the first taxable year for which a reserve is taken into account under subsection (c)(2) and to all subsequent taxable years. Subsec. (d)(2). Pub. L , 1851(a)(2)(A), inserted Subparagraph (B) of section 415(c)(1) shall not apply to any amount treated as an annual addition under the preceding sentence. Subsec. (e). Pub. L , 1851(a)(3)(A), amended subsec. (e) generally. Prior to amendment, par. (1), benefits must be nondiscriminatory, read as follows: No reserve may be taken into account under subsection (c)(2) for post-retirement medical benefits or life insurance benefits to be provided to covered employees unless the plan meets the requirements of section 505(b)(1) with respect to such benefits., and par. (2), taxable life insurance benefits not taken into account, read as follows: No life insurance benefit may be taken into account under subsection (c)(2) to the extent (A) such benefit is includible in gross income under section 79, or (B) such benefit would be includible in gross income under section 101(b) (determined by substituting $50,000 for $5,000 ). Subsec. (f)(5). Pub. L , 1851(a)(13), amended par. (5) generally. Prior to amendment, par. (5) read as follows: HIGHER LIMIT IN CASE OF COLLECTIVELY BAR- GAINED PLANS. Not later than July 1, 1985, the Secretary shall by regulations provide for special account limits in the case of any qualified asset account under a welfare benefit fund established under a collective bargaining agreement. Pub. L , 1851(a)(4), which directed amendment of par. (5) by substituting welfare benefit fund maintained pursuant to for welfare benefit fund established under, was repealed by Pub. L , 1018(t)(2)(A). Subsec. (f)(7)(c), (D). Pub. L , 1851(a)(7), added subpars. (C) and (D) and struck out former subpar. (C) which read as follows: For purposes of this paragraph, the term existing excess reserve means the excess (if any) of (i) the amount of assets set aside for purposes described in subsection (a) as of the close of the first taxable year ending after the date of the enactment of the Tax Reform Act of 1984, over (ii) the account limit which would have applied under this section to such taxable year if this section had applied to such taxable year. Subsec. (g)(3). Pub. L , 1851(a)(9), added par. (3). Subsec. (h)(1). Pub. L , 1851(a)(6)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: At the election of the employer, 2 or more welfare benefit funds of such employer may be treated as 1 fund. EFFECTIVE DATE OF 2006 AMENDMENT Pub. L , title VIII, 843(b), Aug. 17, 2006, 120 Stat. 1010, provided that: The amendment made by this section [amending this section] shall apply to taxable years beginning after December 31, EFFECTIVE DATE OF 1988 AMENDMENT Amendment by Pub. L effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L , to which such amendment relates, see section 1019(a) of Pub. L , set out as a note under section 1 of this title. EFFECTIVE DATE OF 1986 AMENDMENT Amendment by Pub. L effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, Pub. L , div. A, to which such amendment relates, see section 1881 of Pub. L , set out as a note under section 48 of this title. PLAN AMENDMENTS NOT REQUIRED UNTIL JANUARY 1, 1989 For provisions directing that if any amendments made by subtitle A or subtitle C of title XI [ and ] or title XVIII [ A] of Pub. L require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after Jan. 1, 1989, see section 1140 of Pub. L , as amended, set out as a note under section 401 of this title. APPLICATION OF SECTION 419A(e) TO GROUP-TERM LIFE INSURANCE Section 1851(a)(3)(B) of Pub. L , as amended by Pub. L , title I, 1018(t)(2)(D), Nov. 10, 1988, 102 Stat. 3587, provided that: Subsection (e) of section 419A, section 505, and section 4976(b)(1)(B) of the Internal Revenue Code of 1954 [now 1986] (as amended by subparagraph (A)) shall not apply to any group-term life insurance to the extent that the amendments made by section 223(a) of the Tax Reform Act of 1984 [section 223(a) of Pub. L , amending section 79 of this title] do not apply to such insurance by reason of paragraph (2) of section 223(d) of such Act [set out as a note under section 79 of this title]. SUBPART E TREATMENT OF TRANSFERS TO RETIREE HEALTH ACCOUNTS Sec Transfers of excess pension assets to retiree health accounts Transfers of excess pension assets to retiree health accounts (a) General rule If there is a qualified transfer of any excess pension assets of a defined benefit plan to a health benefits account which is part of such plan (1) a trust which is part of such plan shall not be treated as failing to meet the requirements of subsection (a) or (h) of section 401 solely by reason of such transfer (or any other action authorized under this section), (2) no amount shall be includible in the gross income of the employer maintaining the plan solely by reason of such transfer, (3) such transfer shall not be treated (A) as an employer reversion for purposes of section 4980, or (B) as a prohibited transaction for purposes of section 4975, and (4) the limitations of subsection (d) shall apply to such employer. (b) Qualified transfer The term qualified transfer means a transfer (A) of excess pension assets of a defined benefit plan to a health benefits account which is part of such plan in a taxable year beginning after December 31, 1990, (B) which does not contravene any other provision of law, and (C) with respect to which the following requirements are met in connection with the plan (i) the use requirements of subsection (c)(1), (ii) the vesting requirements of subsection (c)(2), and

26 USC 422. NB: This unofficial compilation of the U.S. Code is current as of Jan. 7, 2011 (see http://www.law.cornell.edu/uscode/uscprint.html).

26 USC 422. NB: This unofficial compilation of the U.S. Code is current as of Jan. 7, 2011 (see http://www.law.cornell.edu/uscode/uscprint.html). TITLE 26 - INTERNAL REVENUE CODE Subtitle A - Income Taxes CHAPTER 1 - NORMAL TAXES AND SURTAXES Subchapter D - Deferred Compensation, Etc. PART II - CERTAIN STOCK OPTIONS 422. Incentive stock options

More information

Page 271 TITLE 26 INTERNAL REVENUE CODE 47. the building was first placed in service before

Page 271 TITLE 26 INTERNAL REVENUE CODE 47. the building was first placed in service before Page 271 TITLE 26 INTERNAL REVENUE CODE 47 [formerly I.R.C. 1954] (as added by subsection (c)) [subsec. (e) of this section] applies. 47. Rehabilitation credit (a) General rule For purposes of section

More information

TITLE 26 INTERNAL REVENUE CODE. or organized in the United States for the exclusive benefit of an individual or his beneficiaries,

TITLE 26 INTERNAL REVENUE CODE. or organized in the United States for the exclusive benefit of an individual or his beneficiaries, 408 Page 1148 Pub. L. 98 369, set out as a note under section 62 of this title. EFFECTIVE DATE OF 1983 AMENDMENT Amendment by Pub. L. 98 21 applicable to plans established after Apr. 20, 1983, except that

More information

Trust Arrangements Purporting to Provide Nondiscriminatory Post- Retirement Medical and Life Insurance Benefits

Trust Arrangements Purporting to Provide Nondiscriminatory Post- Retirement Medical and Life Insurance Benefits Part III -- Administrative, Procedural, and Miscellaneous Trust Arrangements Purporting to Provide Nondiscriminatory Post- Retirement Medical and Life Insurance Benefits Notice 2007-84 Sections 419 and

More information

Sec. 831. Tax On Insurance Companies Other Than Life Insurance Companies

Sec. 831. Tax On Insurance Companies Other Than Life Insurance Companies Sec. 831. Tax On Insurance Companies Other Than Life Insurance Companies 831(a) General Rule Taxes computed as provided in section 11 shall be imposed for each taxable year on the taxable income of every

More information

Page 1417 TITLE 12 BANKS AND BANKING 2802

Page 1417 TITLE 12 BANKS AND BANKING 2802 Page 1417 TITLE 12 BANKS AND BANKING 2802 loans to the Corporation for such purpose in the same manner as loans may be made for insurance purposes under such section, subject to the maximum limitation

More information

Retirement System. IRS Compliance Policy I\5165269.7

Retirement System. IRS Compliance Policy I\5165269.7 Retirement System IRS Compliance Policy August 2015 Table of Contents I. SECTION 1. PUBLIC EMPLOYEES RETIREMENT SYSTEM TIERS 1, 2, AND 3 DEFINED BENEFIT PLAN...2 A. Rollover Distributions Compliance with

More information

US CODE: Title 26,223. Health savings accounts

US CODE: Title 26,223. Health savings accounts Page 1 of 7 223. Health savings accounts How Current is This? (a) Deduction allowed In the case of an individual who is an eligible individual for any month during the taxable year, there shall be allowed

More information

PART IV TRANSFERS OF EXCESS PENSION ASSETS

PART IV TRANSFERS OF EXCESS PENSION ASSETS H. R. 4348 455 PART IV TRANSFERS OF EXCESS PENSION ASSETS SEC. 40241. EXTENSION FOR TRANSFERS OF EXCESS PENSION ASSETS TO RETIREE HEALTH ACCOUNTS. (a) IN GENERAL. Paragraph (5) of section 420(b) of the

More information

One Hundred Seventh Congress of the United States of America

One Hundred Seventh Congress of the United States of America H. R. 1836 One Hundred Seventh Congress of the United States of America AT THE FIRST SESSION Begun and held at the City of Washington on Wednesday, the third day of January, two thousand and one An Act

More information

PRESERVATION OF ACCESS TO CARE FOR MEDICARE BENEFICIARIES AND PENSION RELIEF ACT OF 2010

PRESERVATION OF ACCESS TO CARE FOR MEDICARE BENEFICIARIES AND PENSION RELIEF ACT OF 2010 PRESERVATION OF ACCESS TO CARE FOR MEDICARE BENEFICIARIES AND PENSION RELIEF ACT OF 2010 VerDate Nov 24 2008 01:34 Jul 03, 2010 Jkt 089139 PO 00192 Frm 00001 Fmt 6579 Sfmt 6579 E:\PUBLAW\PUBL192.111 GPO1

More information

Part III. Administrative, Procedural, and Miscellaneous. Miscellaneous Pension Protection Act Changes. Notice 2007-7 I. PURPOSE

Part III. Administrative, Procedural, and Miscellaneous. Miscellaneous Pension Protection Act Changes. Notice 2007-7 I. PURPOSE Part III. Administrative, Procedural, and Miscellaneous Miscellaneous Pension Protection Act Changes Notice 2007-7 I. PURPOSE This notice provides guidance in the form of questions and answers with respect

More information

12 USC 1715z-7. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html).

12 USC 1715z-7. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html). TITLE 12 - BANKS AND BANKING CHAPTER 13 - NATIONAL HOUSING SUBCHAPTER II - MORTGAGE INSURANCE 1715z 7. Mortgage insurance for hospitals (a) Purpose The purpose of this section is to assist the provision

More information

One Hundred Tenth Congress of the United States of America

One Hundred Tenth Congress of the United States of America H. R. 7327 One Hundred Tenth Congress of the United States of America AT THE SECOND SESSION Begun and held at the City of Washington on Thursday, the third day of January, two thousand and eight An Act

More information

12 USC 1441. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html).

12 USC 1441. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html). TITLE 12 - BANKS AND BANKING CHAPTER 11 - FEDERAL HOME LOAN BANKS 1441. Financing Corporation (a) Establishment Notwithstanding any other provision of law, the Director shall charter a corporation to be

More information

SOUTHERN OHIO EDUCATIONAL SERVICE CENTER. 403(b) RETIREMENT PLAN

SOUTHERN OHIO EDUCATIONAL SERVICE CENTER. 403(b) RETIREMENT PLAN SOUTHERN OHIO EDUCATIONAL SERVICE CENTER 403(b) RETIREMENT PLAN TABLE OF CONTENTS Parties to Agreement................................................... 3 Recitals.............................................................

More information

15 USC 78q. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see

15 USC 78q. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see TITLE 15 - COMMERCE AND TRADE CHAPTER 2B - SECURITIES EXCHANGES 78q. Records and reports (a) Rules and regulations (1) Every national securities exchange, member thereof, broker or dealer who transacts

More information

(a) Definitions. As used in this Section, the following terms have the meanings set forth below.

(a) Definitions. As used in this Section, the following terms have the meanings set forth below. EMPLOYEE BENEFIT REPS AND WARRANTIES FOR STOCK PURCHASE WHERE REPRESENT THE BUYER Section 1.1 Employee Benefits. (a) Definitions. As used in this Section, the following terms have the meanings set forth

More information

-CITE- 41 USC CHAPTER 10 - DRUG-FREE WORKPLACE 01/08/2008 -EXPCITE- TITLE 41 - PUBLIC CONTRACTS CHAPTER 10 - DRUG-FREE WORKPLACE

-CITE- 41 USC CHAPTER 10 - DRUG-FREE WORKPLACE 01/08/2008 -EXPCITE- TITLE 41 - PUBLIC CONTRACTS CHAPTER 10 - DRUG-FREE WORKPLACE http://uscode.house.gov/download/pls/41c10.txt 41 USC 01/08/2008 -MISC1- Sec. 701. Drug-free workplace requirements for Federal contractors. 702. Drug-free workplace requirements for Federal grant recipients.

More information

ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001

ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 PUBLIC LAW 107 16 JUNE 7, 2001 ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 VerDate 11-MAY-2000 03:04 Jun 12, 2001 Jkt 089139 PO 00016 Frm 00001 Fmt 6579 Sfmt 6579 E:\PUBLAW\PUBL016.107 APPS27

More information

42 USC 1437r. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html).

42 USC 1437r. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html). TITLE 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 8 - LOW-INCOME HOUSING SUBCHAPTER I - GENERAL PROGRAM OF ASSISTED HOUSING 1437r. Public housing resident management (a) Purpose The purpose of this section

More information

42 USC 256b. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html).

42 USC 256b. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html). TITLE 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 6A - PUBLIC HEALTH SERVICE SUBCHAPTER II - GENERAL POWERS AND DUTIES Part D - Primary Health Care subpart vii - drug pricing agreements 256b. Limitation

More information

Chapter 32a Medical Care Savings Account Act

Chapter 32a Medical Care Savings Account Act Chapter 32a Medical Care Savings Account Act 31A-32a-101 Title and scope. (1) This chapter is known as the "Medical Care Savings Account Act." (a) This chapter applies only to a medical care savings account

More information

15 USC 80b-2. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html).

15 USC 80b-2. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html). TITLE 15 - COMMERCE AND TRADE CHAPTER 2D - INVESTMENT COMPANIES AND ADVISERS SUBCHAPTER II - INVESTMENT ADVISERS 80b 2. Definitions (a) In general When used in this subchapter, unless the context otherwise

More information

HEROES EARNINGS ASSISTANCE AND RELIEF TAX ACT OF 2008

HEROES EARNINGS ASSISTANCE AND RELIEF TAX ACT OF 2008 PUBLIC LAW 110 245 JUNE 17, 2008 HEROES EARNINGS ASSISTANCE AND RELIEF TAX ACT OF 2008 VerDate Aug 31 2005 09:44 Jun 23, 2008 Jkt 069139 PO 00245 Frm 00001 Fmt 6579 Sfmt 6579 E:\PUBLAW\PUBL245.110 APPS10

More information

12 USC 1430. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html).

12 USC 1430. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html). TITLE 12 - BANKS AND BANKING CHAPTER 11 - FEDERAL HOME LOAN BANKS 1430. Advances to members (a) In general (1) All advances Each Federal Home Loan Bank is authorized to make secured advances to its members

More information

REHABILITATION PLAN OF THE GRAPHIC COMMUNICATIONS CONFERENCE OF THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS NATIONAL PENSION FUND

REHABILITATION PLAN OF THE GRAPHIC COMMUNICATIONS CONFERENCE OF THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS NATIONAL PENSION FUND GCC/IBT-NPF REHABILITATION PLAN OF THE GRAPHIC COMMUNICATIONS CONFERENCE OF THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS NATIONAL PENSION FUND I. INTRODUCTION On August 17, 2006, the Pension Protection Act

More information

OKLAHOMA PUBLIC EMPLOYEES RETIREMENT SYSTEM CHAPTER 15. UNIFORM RETIREMENT SYSTEM FOR JUSTICES AND JUDGES SUBCHAPTER 1. GENERAL PROVISIONS

OKLAHOMA PUBLIC EMPLOYEES RETIREMENT SYSTEM CHAPTER 15. UNIFORM RETIREMENT SYSTEM FOR JUSTICES AND JUDGES SUBCHAPTER 1. GENERAL PROVISIONS CHAPTER 15. UNIFORM RETIREMENT SYSTEM FOR JUSTICES AND JUDGES Subchapter Section 1. General Provisions... 590:15-1-1 3. Excess Contributions... 590:15-3-1 5. Excess Benefit Plan and Trust... 590:15-5-1

More information

TRADITIONAL INDIVIDUAL RETIREMENT ARRANGEMENTS (Traditional IRAs)

TRADITIONAL INDIVIDUAL RETIREMENT ARRANGEMENTS (Traditional IRAs) (6-2010) TRADITIONAL INDIVIDUAL RETIREMENT ARRANGEMENTS (Traditional IRAs) List of Required Modifications and Information Package (LRMs) (For use with prototype traditional IRAs intending to satisfy the

More information

Scheduled for a Public Hearing Before the SUBCOMMITTEE ON SELECT REVENUE MEASURES of the HOUSE COMMITTEE ON WAYS AND MEANS on June 28, 2005

Scheduled for a Public Hearing Before the SUBCOMMITTEE ON SELECT REVENUE MEASURES of the HOUSE COMMITTEE ON WAYS AND MEANS on June 28, 2005 PRESENT LAW AND BACKGROUND RELATING TO MULTIEMPLOYER DEFINED BENEFIT PENSION PLANS AND RELATED PROVISIONS OF H.R. 2830, THE PENSION PROTECTION ACT OF 2005 Scheduled for a Public Hearing Before the SUBCOMMITTEE

More information

Internal Revenue Service Department of the Treasury CC:TEGE:QP2 - PLR-167048-01. Entity E =

Internal Revenue Service Department of the Treasury CC:TEGE:QP2 - PLR-167048-01. Entity E = Internal Revenue Service Department of the Treasury Number: 200301032 Release Date: 01/03/2003 Index No. 106.00-00 457.01-00 403.04-00 457.10-00 Legend Entity E = CC:TEGE:QP2 - September 30, 2002 Dear

More information

One Hundred Seventh Congress of the United States of America

One Hundred Seventh Congress of the United States of America H. R. 1836 One Hundred Seventh Congress of the United States of America AT THE FIRST SESSION Begun and held at the City of Washington on Wednesday, the third day of January, two thousand and one An Act

More information

SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES BASIC PLAN DOCUMENT

SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES BASIC PLAN DOCUMENT Customer copy please retain for your records. SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES BASIC PLAN DOCUMENT DEFINITIONS ADOPTING EMPLOYER Means any corporation, sole proprietor or other entity named in

More information

ROTH IRA DISCLOSURE STATEMENT

ROTH IRA DISCLOSURE STATEMENT ROTH IRA DISCLOSURE STATEMENT The Pension Fund of the Christian Church established and maintains the Defined Contribution Retirement Accounts of the Pension Fund of the Christian Church (Disciples of Christ)

More information

PUBLIC LAW 110 185 FEB. 13, 2008

PUBLIC LAW 110 185 FEB. 13, 2008 PUBLIC LAW 110 185 FEB. 13, 2008 122 STAT. 613 Public Law 110 185 110th Congress An Act To provide economic stimulus through recovery rebates to individuals, incentives for business investment, and an

More information

TITLE 20 EDUCATION. 1078. Federal payments to reduce student interest

TITLE 20 EDUCATION. 1078. Federal payments to reduce student interest 1078 TITLE 20 EDUCATION Page 380 (i) the bond equivalent rate of 52-week Treasury bills auctioned at the final auction held prior to such June 1; plus (ii) 3.25 percent. 1998 Subsec. (j). Pub. L. 105 178,

More information

NC General Statutes - Chapter 58 Article 68 1

NC General Statutes - Chapter 58 Article 68 1 Article 68. Health Insurance Portability and Accountability. 58-68-1 through 58-68-20: Repealed by Session Laws 1997-259, s. 1(a). Part A. Group Market Reforms. Subpart 1. Portability, Access, and Renewability

More information

PUBLIC LAW 105 311 OCT. 30, 1998 FEDERAL EMPLOYEES LIFE INSURANCE IMPROVEMENT ACT

PUBLIC LAW 105 311 OCT. 30, 1998 FEDERAL EMPLOYEES LIFE INSURANCE IMPROVEMENT ACT FEDERAL EMPLOYEES LIFE INSURANCE IMPROVEMENT ACT 112 STAT. 2950 PUBLIC LAW 105 311 OCT. 30, 1998 Oct. 30, 1998 [H.R. 2675] Federal Employees Life Insurance Improvement Act. 5 USC 8701 note. Public Law

More information

61.702 Group hospital and medical insurance and managed care plan coverage -- Employee and employer contributions -- Minimum service requirements.

61.702 Group hospital and medical insurance and managed care plan coverage -- Employee and employer contributions -- Minimum service requirements. 61.702 Group hospital and medical insurance and managed care plan coverage -- Employee and employer contributions -- Minimum service requirements. (1) (a) 1. The board of trustees of Kentucky Retirement

More information

AMENDMENT FOR PENSION PROTECTION ACT AND HEART ACT ARTICLE I PREAMBLE

AMENDMENT FOR PENSION PROTECTION ACT AND HEART ACT ARTICLE I PREAMBLE AMENDMENT FOR PENSION PROTECTION ACT AND HEART ACT ARTICLE I PREAMBLE 1.1 Effective date of Amendment. The Employer, or if applicable, the sponsor on behalf of the Employer, adopts this Amendment to the

More information

TITLE I PENSION FUNDING

TITLE I PENSION FUNDING F:\EWB\EWB. *00.* 0. SHORT TITLE. This Act may be cited as the Pension Funding Equity Act of 00. TITLE I PENSION FUNDING SEC.. TEMPORARY REPLACEMENT OF 0-YEAR TREAS- URY RATE. (a) EMPLOYEE RETIREMENT INCOME

More information

North Carolina Statutes Health Insurance Portability and Accountability PART A. GROUP MARKET REFORMS

North Carolina Statutes Health Insurance Portability and Accountability PART A. GROUP MARKET REFORMS North Carolina Statutes Health Insurance Portability and Accountability PART A. GROUP MARKET REFORMS SUBPART 1. PORTABILITY, ACCESS, AND RENEWABILITY REQUIREMENTS 58-68-25. Definitions; excepted benefits;

More information

26 CFR 601.201: Rulings and determination letters. (Also: Part I, 170, 642(c), 2055, 2522; 1.170A-6, 20.2055-2, 25.2522(c)-3)

26 CFR 601.201: Rulings and determination letters. (Also: Part I, 170, 642(c), 2055, 2522; 1.170A-6, 20.2055-2, 25.2522(c)-3) Part III Administrative, Procedural, and Miscellaneous 26 CFR 601.201: Rulings and determination letters. (Also: Part I, 170, 642(c), 2055, 2522; 1.170A-6, 20.2055-2, 25.2522(c)-3) Rev. Proc. 2007-45 SECTION

More information

TITLE 12 BANKS AND BANKING

TITLE 12 BANKS AND BANKING 1403 Page 272 Farm Credit Administration shall find that the financial structure of such corporation is sound and unimpaired and by him approved, nor shall any loan be made upon the capital stock of such

More information

Internal Revenue Code Section 1361 S Corporation defined.

Internal Revenue Code Section 1361 S Corporation defined. Internal Revenue Code Section 1361 S Corporation defined. CLICK HERE to return to the home page (a) S Corporation defined. (1) In general. For purposes of this title, the term "S corporation" means, with

More information

Code means the Internal Revenue Code of 1986, as amended.

Code means the Internal Revenue Code of 1986, as amended. The American Funds Roth IRA Trust Agreement Pending IRS approval. Section 1 Definitions As used in this trust agreement ( Agreement ) and the related Application, the following terms shall have the meaning

More information

Subtitle E Alcohol, Tobacco, and Certain Other Excise Taxes

Subtitle E Alcohol, Tobacco, and Certain Other Excise Taxes 5000C Page 2932 (1) IN GENERAL. The head of each executive agency shall take any and all measures necessary to ensure that no funds are disbursed to any foreign contractor in order to reimburse the tax

More information

76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session. Enrolled. Senate Bill 91

76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session. Enrolled. Senate Bill 91 76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session Enrolled Senate Bill 91 Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with presession filing

More information

Section 404.--Deduction for Contributions of an Employer to an Employees Trust or Annuity Plan and Compensation Under a Deferred Payment Plan

Section 404.--Deduction for Contributions of an Employer to an Employees Trust or Annuity Plan and Compensation Under a Deferred Payment Plan Part I Section 404.--Deduction for Contributions of an Employer to an Employees Trust or Annuity Plan and Compensation Under a Deferred Payment Plan (Also, 401, 412, 6011, 6111, 6112; 26 CFR 1.401-1, 1.412(i)-1,

More information

This rule was filed as 13 NMAC 9.3. LIFE INSURANCE AND ANNUITIES VARIABLE ANNUITY CONTRACTS

This rule was filed as 13 NMAC 9.3. LIFE INSURANCE AND ANNUITIES VARIABLE ANNUITY CONTRACTS This rule was filed as 13 NMAC 9.3. TITLE 13 CHAPTER 9 PART 3 INSURANCE LIFE INSURANCE AND ANNUITIES VARIABLE ANNUITY CONTRACTS 13.9.3.1 ISSUING AGENCY: New Mexico State Corporation Commission [Public

More information

PROPOSED AMENDMENTS TO HOUSE BILL 2240

PROPOSED AMENDMENTS TO HOUSE BILL 2240 HB 0- (LC ) // (LHF/ps) PROPOSED AMENDMENTS TO HOUSE BILL 0 1 1 0 1 On page 1 of the printed bill, line, after ORS delete the rest of the line and delete lines through and insert.,.00,.0,.0,.01,.01,.1,.,.,.,.,

More information

PUBLIC LAW 104 191 AUG. 21, 1996 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT OF 1996

PUBLIC LAW 104 191 AUG. 21, 1996 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT OF 1996 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT OF 1996 110 STAT. 1936 PUBLIC LAW 104 191 AUG. 21, 1996 Aug. 21, 1996 [H.R. 3103] Health Insurance Portability and Accountability Act of 1996. 42 USC

More information

http://143.231.180.80/view.xhtml?req=(title:10 section:2409 edition:prelim) OR (granuleid:...

http://143.231.180.80/view.xhtml?req=(title:10 section:2409 edition:prelim) OR (granuleid:... Page 1 of 5 10 USC 2409: Contractor employees: protection from reprisal for disclosure of certain information Text contains those laws in effect on June 25, 2013 From Title 10-ARMED FORCES Subtitle A-General

More information

Pension Funding Relief Enacted

Pension Funding Relief Enacted Pension Funding Relief Enacted Following many months of lobbying by companies and employee benefits organizations, pension funding relief provisions have finally been enacted. H.R. 3962, the Preservation

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K. For the fiscal year end December 31, 2009

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K. For the fiscal year end December 31, 2009 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year end December 31, 2009

More information

CHAPTER 241 TAXATION OF BANKS AND OTHER FINANCIAL CORPORATIONS

CHAPTER 241 TAXATION OF BANKS AND OTHER FINANCIAL CORPORATIONS TAXATION OF BANKS AND OTHER FINANCIAL CORPORATIONS 241-1 CHAPTER 241 TAXATION OF BANKS AND OTHER FINANCIAL CORPORATIONS Section 241-1 Definitions 241-1.5 Time of application of tax and other provisions

More information

Abusive Trust Arrangements Utilizing Cash Value Life Insurance Policies Purportedly to Provide Welfare Benefits

Abusive Trust Arrangements Utilizing Cash Value Life Insurance Policies Purportedly to Provide Welfare Benefits Part III. -- Administrative, Procedural and Miscellaneous Abusive Trust Arrangements Utilizing Cash Value Life Insurance Policies Purportedly to Provide Welfare Benefits Notice 2007-83 The Internal Revenue

More information

16 LC 37 2118ER A BILL TO BE ENTITLED AN ACT BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

16 LC 37 2118ER A BILL TO BE ENTITLED AN ACT BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: Senate Bill 347 By: Senator Bethel of the 54th A BILL TO BE ENTITLED AN ACT 1 2 3 4 5 6 To amend Title 33 of the Official Code of Georgia Annotated, relating to insurance, so as to provide for extensive

More information

THE STATE of ARIZONA PUBLIC EMPLOYEES DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES 457 GOVERNMENTAL PLAN AND TRUST EFFECTIVE DECEMBER 1, 2011

THE STATE of ARIZONA PUBLIC EMPLOYEES DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES 457 GOVERNMENTAL PLAN AND TRUST EFFECTIVE DECEMBER 1, 2011 THE STATE of ARIZONA PUBLIC EMPLOYEES DEFERRED COMPENSATION PLAN FOR PUBLIC EMPLOYEES 457 GOVERNMENTAL PLAN AND TRUST EFFECTIVE DECEMBER 1, 2011 Document provided as a courtesy of: 457 GOVERNMENTAL PLAN

More information

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also Part I, 172, 6411)

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also Part I, 172, 6411) Part III Administrative, Procedural, and Miscellaneous 26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also Part I, 172, 6411)

More information

Public Law 100-709 100th Congress An Act

Public Law 100-709 100th Congress An Act PUBLIC LAW 100-709 NOV. 23, 1988 102 STAT. 4725 Public Law 100-709 100th Congress An Act To fimend the Truth in Lending Act to establish additional disclosure, advertising, and other requirements for home

More information

PROTOTYPE SIMPLIFIED EMPLOYEE PROTOTYPE PLAN

PROTOTYPE SIMPLIFIED EMPLOYEE PROTOTYPE PLAN PROTOTYPE SIMPLIFIED EMPLOYEE PROTOTYPE PLAN PROTOTYPE SIMPLIFIED EMPLOYEE PENSION PLAN AGREEMENT ARTICLE I Adoption and Purpose of Plan 1.01 Adoption of Plan: By completing and signing the Adoption Agreement,

More information

Internal Revenue Code Section 408A(d)(3)(F) Roth IRAs

Internal Revenue Code Section 408A(d)(3)(F) Roth IRAs Internal Revenue Code Section 408A(d)(3)(F) Roth IRAs CLICK HERE to return to the home page (a) General rule. Except as provided in this section, a Roth IRA shall be treated for purposes of this title

More information

In the House of Representatives, U. S.,

In the House of Representatives, U. S., In the House of Representatives, U. S., December 1, 00. Resolved, That the House agree to the amendments of the Senate to the bill (H.R. ) entitled An Act to amend the Internal Revenue Code of 1 to provide

More information

Public Law 110 142 110th Congress An Act

Public Law 110 142 110th Congress An Act PUBLIC LAW 110 142 DEC. 20, 2007 121 STAT. 1803 Public Law 110 142 110th Congress An Act To amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross

More information

Biola University Defined Contribution Retirement Plan

Biola University Defined Contribution Retirement Plan Biola University Defined Contribution Retirement Plan Table of Contents ARTICLE I ARTICLE II ARTICLE III ARTICLE IV ARTICLE V ARTICLE VI ARTICLE VII ARTICLE VIII ARTICLE IX ARTICLE X Definitions...3 Establishment

More information

GEORGIA CODE PROVISIONS PUBLIC RETIREMENT SYSTEMS INDEX

GEORGIA CODE PROVISIONS PUBLIC RETIREMENT SYSTEMS INDEX GEORGIA CODE PROVISIONS PUBLIC RETIREMENT SYSTEMS INDEX TITLE 47. RETIREMENT AND PENSIONS TITLE 47 NOTE CHAPTER 1. GENERAL PROVISIONS CHAPTER 2. EMPLOYEES' RETIREMENT SYSTEM OF GEORGIA CHAPTER 3. TEACHERS

More information

Internal Revenue Service, Treasury 1.305 5

Internal Revenue Service, Treasury 1.305 5 Internal Revenue Service, Treasury 1.305 5 1.305 5 Distributions on preferred stock. (a) In general. Under section 305(b)(4), a distribution by a corporation of its stock (or rights to acquire its stock)

More information

(1) the business credit carryforwards carried to such taxable year, (2) the amount of the current year business credit, plus

(1) the business credit carryforwards carried to such taxable year, (2) the amount of the current year business credit, plus Sec. 38. General business credit (a) Allowance of credit There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of - (1) the business

More information

PUBLIC LAW 105 347 NOV. 2, 1998 CONSUMER REPORTING EMPLOYMENT CLARIFICATION ACT OF 1998

PUBLIC LAW 105 347 NOV. 2, 1998 CONSUMER REPORTING EMPLOYMENT CLARIFICATION ACT OF 1998 CONSUMER REPORTING EMPLOYMENT CLARIFICATION ACT OF 1998 112 STAT. 3208 PUBLIC LAW 105 347 NOV. 2, 1998 Nov. 2, 1998 [S. 2561] Consumer Reporting Employment Clarification Act of 1998. 15 USC 1601 note.

More information

PERSONAL INCOME TAX BULLETIN 2005-03

PERSONAL INCOME TAX BULLETIN 2005-03 PERSONAL INCOME TAX BULLETIN 2005-03 Issued: October 12, 2005 First Revision: December 22, 2005 Second Revision: September 08, 2006 Deferred Compensation Under Nonqualified Plans Part I. Overview. (a)

More information

2010 Instructions for Schedule SB (Form 5500) Single-Employer Defined Benefit Plan Actuarial Information

2010 Instructions for Schedule SB (Form 5500) Single-Employer Defined Benefit Plan Actuarial Information 2010 Instructions for Schedule SB (Form 5500) Single-Employer Defined Benefit Plan Actuarial Information General Instructions Note. Final regulations under certain portions of Code section 430 (sections

More information

Schwab SIMPLE IRA Basic Plan Document

Schwab SIMPLE IRA Basic Plan Document Schwab SIMPLE IRA Basic Plan Document Table of Contents This document contains the legal provisions of your Schwab SIMPLE IRA plan. Please keep it in a place where you can easily find and refer to it.

More information

H. R. 1171. To amend the Internal Revenue Code of 1986 to provide recruitment and retention incentives for volunteer emergency service workers.

H. R. 1171. To amend the Internal Revenue Code of 1986 to provide recruitment and retention incentives for volunteer emergency service workers. I TH CONGRESS ST SESSION H. R. To amend the Internal Revenue Code of to provide recruitment and retention incentives for volunteer emergency service workers. IN THE HOUSE OF REPRESENTATIVES FEBRUARY, 0

More information

Pension Protection Act of 2006 Changes Affect Single-Employer Defined Benefit Plans in 2008

Pension Protection Act of 2006 Changes Affect Single-Employer Defined Benefit Plans in 2008 Important Information Legislation June 2007 Pension Protection Act of 2006 Changes Affect Single-Employer Defined Benefit Plans in 2008 This is one of a series of Pension Analyst publications providing

More information

House of Representatives

House of Representatives House of Representatives General Assembly File No. 44 February Session, 2002 Substitute House Bill No. 5073 House of Representatives, March 18, 2002 The Committee on Banks reported through REP. DOYLE of

More information

Be it enacted hy the Seriate and Rouse of Representatives United States of America in Congress assembled^

Be it enacted hy the Seriate and Rouse of Representatives United States of America in Congress assembled^ 112 PUBLIC LAW 86-69-JUNE 25, 1959 [73 S T A T. Public Law 86-69 June 25, 1959 [H. R. 4245] ^^ ^ ^ ' ^ Relating to the taxation of the income of life insurance companies. Be it enacted hy the Seriate and

More information

Notice 97-34, 1997-1 CB 422, 6/02/1997, IRC Sec(s). 6048

Notice 97-34, 1997-1 CB 422, 6/02/1997, IRC Sec(s). 6048 Notice 97-34, 1997-1 CB 422, 6/02/1997, IRC Sec(s). 6048 Returns of foreign trusts foreign gift reporting requirements tax This notice provides guidance regarding the new foreign trust and foreign gift

More information

Columbia Management SIMPLE IRA

Columbia Management SIMPLE IRA Columbia Management SIMPLE IRA An Employer s Guide to Plan Set-Up Establishing a Plan is Easy 1. Read through this booklet before signing any forms. You may want to consult your tax and/or legal advisor

More information

H. R. 4174 IN THE HOUSE OF REPRESENTATIVES A BILL

H. R. 4174 IN THE HOUSE OF REPRESENTATIVES A BILL I TH CONGRESS ST SESSION H. R. To amend the Internal Revenue Code of to provide relief with respect to estate and gift taxes, small businesses, and government contractors. IN THE HOUSE OF REPRESENTATIVES

More information

or refusal to grant or to continue assistance under such program or activity to any recipient as to whom there has been an express finding on the

or refusal to grant or to continue assistance under such program or activity to any recipient as to whom there has been an express finding on the CITE 42 USC Sec. 2000d 01/06/97 TEXT Sec. 2000d. Prohibition against exclusion from participation in, denial of benefits of, and discrimination under federally assisted programs on ground of race, color,

More information

Internal Revenue Code Section 1(h)(4) Tax imposed.

Internal Revenue Code Section 1(h)(4) Tax imposed. Internal Revenue Code Section 1(h)(4) Tax imposed. CLICK HERE to return to the home page (h) Maximum capital gains rate. (1) In general. If a taxpayer has a net capital gain for any taxable year, the tax

More information

S. ll. To amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes.

S. ll. To amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes. TH CONGRESS ST SESSION S. ll To amend the Higher Education Act of to provide for the refinancing of certain Federal student loans, and for other purposes. IN THE SENATE OF THE UNITED STATES llllllllll

More information

STATE OF MICHIGAN 401K PLAN. (Amended and Restated Effective January 1, 2014)

STATE OF MICHIGAN 401K PLAN. (Amended and Restated Effective January 1, 2014) STATE OF MICHIGAN 401K PLAN (Amended and Restated Effective January 1, 2014) STATE OF MICHIGAN 401K PLAN TABLE OF CONTENTS ARTICLE 1 ESTABLISHMENT OF PLAN AND TRUST...1 1.1 Establishment of Plan....1 1.2

More information

OPTION SELECT ROTH IRA DISCLOSURE STATEMENT

OPTION SELECT ROTH IRA DISCLOSURE STATEMENT OPTION SELECT ROTH IRA DISCLOSURE STATEMENT Group Policy Form No. 01-1115-98 Group Certificate Form No. 01-1115C-98 and state variations thereof. Not for use in Florida. Regarding Roth Individual Retirement

More information

Title IV Treatment of Rollovers from Defined Contribution Plans to Defined Benefit Plans

Title IV Treatment of Rollovers from Defined Contribution Plans to Defined Benefit Plans [Billing Code 7709-02-P] PENSION BENEFIT GUARANTY CORPORATION 29 CFR Parts 4001, 4022, and 4044 RIN 1212-AB23 Title IV Treatment of Rollovers from Defined Contribution Plans to Defined Benefit Plans AGENCY:

More information

UNIVERSITY OF ILLINOIS. SUPPLEMENTAL 403(b) RETIREMENT PLAN

UNIVERSITY OF ILLINOIS. SUPPLEMENTAL 403(b) RETIREMENT PLAN UNIVERSITY OF ILLINOIS SUPPLEMENTAL 403(b) RETIREMENT PLAN Amended and Restated effective February 1, 2008 INTRODUCTION The University of Illinois Supplemental 403(b) Retirement Plan is an optional employee

More information

ANN ARBOR CITY NOTICE

ANN ARBOR CITY NOTICE ANN ARBOR CITY NOTICE ORDINANCE NO. ORD-11-13 RETIREE HEALTH CARE BENEFITS PLAN AND TRUST An Ordinance to Amend Sections 1:700, 1:702, 1:704, 1:717, 1:723, 1:724 and 1:747 of Chapter 21, Retiree Health

More information

49 USC 48102. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html).

49 USC 48102. NB: This unofficial compilation of the U.S. Code is current as of Jan. 4, 2012 (see http://www.law.cornell.edu/uscode/uscprint.html). TITLE 49 - TRANSPORTATION SUBTITLE VII - AVIATION PROGRAMS PART C - FINANCING CHAPTER 481 - AIRPORT AND AIRWAY TRUST FUND AUTHORIZATIONS 48102. Research and development (a) Authorization of Appropriations.

More information

SIMPLIFIED EMPLOYEE PLAN

SIMPLIFIED EMPLOYEE PLAN SIMPLIFIED EMPLOYEE PLAN SIMPLIFIED EMPLOYEE PENSION PLAN AGREEMENT ARTICLE I Adoption and Purpose of Plan 1.01 Adoption of Plan: By completing and signing the Adoption Agreement, the Employer adopts the

More information

JOBS AND GROWTH TAX RELIEF RECONCILIATION ACT OF 2003

JOBS AND GROWTH TAX RELIEF RECONCILIATION ACT OF 2003 PUBLIC LAW 108 27 MAY 28, 2003 JOBS AND GROWTH TAX RELIEF RECONCILIATION ACT OF 2003 VerDate 11-MAY-2000 08:56 Jun 03, 2003 Jkt 019139 PO 00027 Frm 00001 Fmt 6579 Sfmt 6579 E:\PUBLAW\PUBL027.108 APPS06

More information

MEMORANDUM FOR DANIEL R. JONES, MANAGER, EP DETERMINATIONS QUALITY ASSURANCE. JoAnna H. Weber, Acting Director, Employee Plans Rulings and Agreements

MEMORANDUM FOR DANIEL R. JONES, MANAGER, EP DETERMINATIONS QUALITY ASSURANCE. JoAnna H. Weber, Acting Director, Employee Plans Rulings and Agreements MEMORANDUM FOR DANIEL R. JONES, MANAGER, EP DETERMINATIONS QUALITY ASSURANCE FROM: JoAnna H. Weber, Acting Director, Employee Plans Rulings and Agreements SUBJECT: Response to Technical Assistance Request

More information

SEC. 201. INTEREST RATE REDUCTIONS.

SEC. 201. INTEREST RATE REDUCTIONS. COLLEGE COST REDUCTION AND ACCESS ACT PL 110-84, TITLE II TITLE II--STUDENT LOAN BENEFITS, TERMS, AND CONDITIONS SEC. 201. INTEREST RATE REDUCTIONS. (a) FFEL Interest Rates- (1) Section 427A(l) (20 U.S.C.

More information

LAND AND WATER CONSERVATION FUND ACT OF 1965 (last amended 2000)

LAND AND WATER CONSERVATION FUND ACT OF 1965 (last amended 2000) LAND AND WATER CONSERVATION FUND ACT OF 1965 (last amended 2000) United States Code - 16 USC 460l-4-460l-11: Sec. 460l-4. Title 16-- Conservation: Chapter 1--National Parks, Military Parks, Monuments,

More information

2013 No PENSIONS. The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013

2013 No PENSIONS. The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 S T A T U T O R Y I N S T R U M E N T S 2013 No. 2734 PENSIONS The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 Made - - - - 24th October 2013 Laid before Parliament

More information

REGULATORY ALERT NATIONAL CREDIT UNION ADMINISTRATION 1775 DUKE STREET, ALEXANDRIA, VA 22314

REGULATORY ALERT NATIONAL CREDIT UNION ADMINISTRATION 1775 DUKE STREET, ALEXANDRIA, VA 22314 REGULATORY ALERT NATIONAL CREDIT UNION ADMINISTRATION 1775 DUKE STREET, ALEXANDRIA, VA 22314 DATE: March 2001 NO: 01-RA-04 TO: All Federally-Insured Credit Unions SUBJECT: Homeowners Protection Act (HOPA)

More information

PRESENT LAW AND BACKGROUND RELATING TO EMPLOYER-SPONSORED DEFINED BENEFIT PENSION PLANS AND THE PENSION BENEFIT GUARANTY CORPORATION ( PBGC )

PRESENT LAW AND BACKGROUND RELATING TO EMPLOYER-SPONSORED DEFINED BENEFIT PENSION PLANS AND THE PENSION BENEFIT GUARANTY CORPORATION ( PBGC ) PRESENT LAW AND BACKGROUND RELATING TO EMPLOYER-SPONSORED DEFINED BENEFIT PENSION PLANS AND THE PENSION BENEFIT GUARANTY CORPORATION ( PBGC ) Scheduled for a Public Hearing Before the SENATE COMMITTEE

More information

Internal Revenue Service

Internal Revenue Service Internal Revenue Service Number: 200750009 Release Date: 12/14/2007 Index Numbers: 368.04-00, 355.01-00 ---------------------- -------------------------------------------------- --------------------------------------

More information

Internal Revenue Code, Section 47

Internal Revenue Code, Section 47 REHABILITATION CREDIT This Act became law on November 5, 1990 (Public Law 101-508; 26 U.S.C. 47). It is the current version of the certified rehabilitation section previously contained in Section 48(g)

More information

2013 No COMPANIES. The Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013

2013 No COMPANIES. The Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 S T A T U T O R Y I N S T R U M E N T S 2013 No. 1981 COMPANIES The Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 Made - - - - 6th August 2013 Coming into

More information