Private Pension Plan Reform: Hearings, Ninety-third Congress, First Session, Parte2
U.S. Government Printing Office, 1973 - 1287 páginas
Comentarios de la gente - Escribir un comentario
No encontramos ningún comentario en los lugares habituales.
Otras ediciones - Ver todas
actuarial additional adequate administration adopted agency amended American amount assets believe benefits bill Committee compensation concern Congress consideration continue contributions corporate cost covered deduction Department determine disclosure distribution earned effective employees enforcement established example existing experience fact favor Federal fiduciary Finance funding going hearings included income increase individual industry interest Internal Revenue Code Internal Revenue Service investment Labor legislation less liability limits loss matter means ment million operation paid participants percent period permit persons plan termination portability present private pension plans problem profit sharing proposed protection qualified question reason receive reform regulation requirements respect responsibility result retirement rules savings Senator NELSON Social Security standards statement Subcommittee suggest termination insurance tion treatment trust union United vesting Welfare workers
Página 1200 - ... solely in the interest of the participants and beneficiaries and (A) for the exclusive purpose of: (i) providing benefits to participants and their beneficiaries. . . . (B) with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims...
Página 1062 - Labor shall be to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working conditions, and to advance their opportunities for profitable employment.
Página 733 - Contracts, however express, cannot fetter the constitutional authority of the Congress. Contracts may create rights of property, but when contracts deal with a subject matter which lies within the control of the Congress, they have a congenital infirmity. Parties cannot remove their transactions from the reach of dominant constitutional power by making contracts about them.
Página 1210 - ... furnishing of goods, services, or facilities by a private foundation to a disqualified person shall not be an act of selfdealing if such furnishing is made on a basis no more favorable than that on which such goods, services, or facilities are made available to the general public...
Página 1192 - Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals...
Página 731 - Upon principle, every statute which takes away or impairs vested rights acquired under existing laws, or creates a new obligation, imposes a new duty, or attaches a new disability, in respect to transactions or considerations already past, must be deemed retrospective.
Página 737 - And the guaranty of due process, as has often been held, demands only that the law shall not be unreasonable, arbitrary, or capricious, and that the means selected shall have a real and substantial relation to the object sought to be attained.
Página 1263 - Hearings Before the Subcommittee on Labor of the Senate Committee on Labor and Public Welfare on S.
Página 735 - That provision has always been understood as referring only to a direct appropriation, and not to consequential injuries resulting from the exercise of lawful power. It has never been supposed to have any bearing upon, or to inhibit laws that indirectly work harm and loss to individuals.