Summary of the Comprehensive Retirement Security and Pension Reform Act
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Summary of the Comprehensive Retirement Security and Pension Reform Act

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Published by Joint Committee on Taxation in [Washington, D.C.] .
Written in English

Subjects:

  • Pensions -- Law and legislation -- United States.,
  • Old age pensions -- Law and legislation -- United States.

Book details:

Edition Notes

ContributionsUnited States. Congress. Joint Committee on Taxation.
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL17724493M

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Comprehensive Retirement Security and Pension Reform Act of - Amends the Internal Revenue Code (the Code) with respect to pensions. (All the following are amendments to the Code, except where the Employee Retirement Income Security Act of , ERISA, is mentioned.). SUMMARY OF THE “COMPREHENSIVE RETIREMENT SECURITY AND PENSION REFORM ACT” A. Individual Retirement Arrangements (“IRAs”) • Increase in IRA contribution limitThe proposal would increase the annual dollar IRA contribution limit from $2, to $3, in , $4, in , and $5, in , with indexing thereafter. under the plan begin before the social security retirement age (currently, age 65) and increased if benefits begin after social security retirement age. Compensation limitation Under present law, the annual compensation of each participant that may be taken into account for purposes of determining contributions and benefits under a plan, applying the.   The Comprehensive Retirement Security and Pension Reform Act of On December 5, , the Senate, by a vote of , passed an amended version of H.R. 10, the Comprehensive Retirement Security and Pension Reform Act of

On Aug , President Bush signed into law the Pension Protection Act of (the Act), which is the most comprehensive pension reform legislation since ERISA was enacted in The Act, which comprises approximately pages, will lead to many companies changing the way their plans are designed and administered, amend plan documents, increase plan funding, and make . Handbook on pension reform law: Employee retirement income security act of (ERISA) and later amendments through Decem complete explanation, new labor law, code sections as amended, committee reports, index: Author: Prentice-Hall, inc: Publisher: Prentice Hall, inc., Original from: the University of California: Digitized. Pension Benefi ts Act Original: January 1, Reform: January 1, Year last amended: Quebec Supplemental Pension Plans Act Original: January 1, Reform: January 1, Year last amended: New Brunswick Pension Benefi ts Act Original: Decem Reform: N/A Year last amended: Nova Scotia Pension Benefi ts Act. Act, any employee who at the commencement of this Act is entitled to retirement benefits under any pension scheme existing before the commencement of this Act but has 3 or less years to retire .

The Employee Retirement Income Security Act of is the federal law that regulates most private retirement plans. The government agencies responsible for enforcing ERISA are the Internal Revenue Service, the U.S. Department of Labor, and the Pension Benefit Guaranty Corporation. Summary of Public Employees’ Pension Reform Act of and Related Changes to the Public Employees’ Retirement Law This summary is not intended to provide a comprehensive discussion of the Public Employees’ Pension Reform Act of (PEPRA). This summary includes CalPERS current interpretations of the key areas of the law. Under the bill, Social Security benefit payments would be certified for payment by the Railroad Retirement Board (RRB) on the records of workers with either 10 years of service covered under the Railroad Retirement Act or 5 years of such covered service accrued after Decem Get this from a library! Comprehensive Retirement Security and Pension Reform Act of report together with additional and dissenting views (to accompany H.R. 10) (including cost estimate of the Congressional Budget Office).. [United States. Congress. House. Committee on Ways and Means.; United States. Congress. House. Committee on Education and the Workforce.].