Multiemployer Plan Termination Insurance Reform Act of 1984: Hearings Before the Subcommittee on Labor of the Committee on Labor and Human Resources, United States Senate, Ninety-eighth Congress, Second Session, on S. 2329 ... May 10 and 17, 1984
U.S. Government Printing Office, 1984 - 374 páginas
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action actuarial additional American amount approach assessment assets Association believe benefits bill Board CALCULATED cause Central Chairman changes collective bargaining agreements committee concerned Congress continue contract contractor contributions costs covered created decisions defined effect eliminate employers enactment ERISA establish event existing fact follows fully future going impact imposed increase industry interest involuntary issue labor LEGAL legislation levels MPPAA multiemployer pension plans multiemployer plans negotiated obligation occur operations opportunity organized participants payments PBGC pension fund percent period potential present president problem proposed protect rates reason reform Relations remain representing result retirement retroactive rules sell Senator NICKLES small business statement Subcommittee Teamsters termination Thank tion transportation trucking trustees unfunded unfunded liability unfunded vested union United wholesale withdrawal liability workers
Página 355 - 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 365 - Fourth. The bankruptcy power, like the other great substantive powers of Congress, is subject to the Fifth Amendment. Under the bankruptcy power Congress may discharge the debtor's personal obligation, because, unlike the States, it is not prohibited from impairing the obligation of contracts But the effect of the Act here complained of is not the discharge of Radford's personal obligation.
Página 243 - Contractors. National Electrical Contractors Association. National Insulation Contractors Association. National Roofing Contractors Association. Painting and Decorating Contractors of America. Sheet Metal and Air Conditioning Contractors...
Página 186 - ... this paragraph if substantially all of the contributions required under the plan are made by employers primarily engaged in the long and short haul trucking industry, the household goods moving industry, or the public warehousing industry. (3) A withdrawal occurs under this paragraph if— (A) an employer permanently ceases to have an obligation to contribute under the plan...
Página 365 - But the effect of the Act here complained of is not the discharge of Radford's personal obligation. It is the taking of substantive rights in specific property acquired by the Bank prior to the Act.
Página 71 - They filed a petition with the National Labor Relations Board to decertify the union which resulted in a vote of 64 to 25 to decertify. As a result of the employees...
Página 365 - ... Paragraph 7 declares that "the provisions of this Act shall apply only to debts existing at the time this Act becomes effective." The power over property pledged as security after the date of the Act may be greater than over property pledged before; and this Act deals only with preexisting mortgages.
Página 263 - My name is Frank E. McCarthy. I am the executive vice president of the National Automobile Dealers Association, and with me today is Mr.