Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Priving Sector Pensions: Federal Agencies Should Collect Data and Coordinate Oversight of Multiple Employer Plans

Priving Sector Pensions: Federal Agencies Should Collect Data and Coordinate Oversight of Multiple Employer Plans

U S Government Accountability Office

Paperback

General Reference

ISBN10: 1492107468
ISBN13: 9781492107460
Publisher: Createspace
Published: Aug 12 2013
Pages: 58
Weight: 0.35
Height: 0.12 Width: 8.50 Depth: 11.02
Language: English
Under Title I of the Employee Retirement Income Security Act of 1974 (ERISA), employers are permitted to sponsor two broad categories of pension plans. They are (1) defined benefit plans-in which employers generally maintain a fund to provide a fixed level of monthly retirement income based on a formula specified in the plan-or (2) defined contribution plans-in which retirement income is based on employer and employee contributions and the performance of investments in individual employee accounts. 6 These experts included a representative of a pension consumer rights organization; a representative of a nonprofit, nonpartisan, retirement research organization; representatives of a private law firm specializing in employee benefits; representatives of a membership organization dedicated to retirement plan professionals; and the author of a book and journal article on multiple employer benefit arrangements. A MEP may be a defined benefit plan or a defined contribution plan.

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