Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Although pension plans are thought of primarily as a source of cash income for the elderly, they typically serve other functions as well. For example, they usually contain early retirement features and often provide pensions to workers who lose their jobs because of disability. The high proportion of pension plans with disability retirement features is dramatized in data from the Bureau of Labor Statistics' annual survey of the incidence and characteristics of employee benefit plans in medium and large establishments. Of the 1,002 private pension plans found in the 1980 survey, 86% had disability retirement. None of these programs had provisions to make up employee contributions and employer matches where the employee becomes disabled during their employment years. See, “Employee Benefits in Industry, 1980,” Bulletin 2107 (Bureau of Labor Statistics, 1981).
There is a 12.9% probability of an employee dying during his or her working years. There is a 25% chance of an employee becoming disabled. If you were going to place a wager in Las Vegas, wouldn't you think more people would be behind the 1:4 likelihood than the 1:7.7?
There has been a product developed ' and a patent issued ' that addresses this need. A guaranteed issue disability policy is now available to overcome continued funding requirements if an employee participant in a 401(a) or 403(b) plan becomes disabled and no longer an employee of the employer/plan sponsor. Under most plans, upon such an occurrence the employee participant is no longer deemed an active participant in the plan. Before suggesting your client, as plan sponsor, should provide this benefit you should ask the following questions.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?