Summary of the Provisions of the Individual Retirement Benefits Act of 1971 : S. 3012 (H.R. 12302) and S. 3024 (H.R. 12337).
Summarizes provisions of S. 3012/H.R. 12302, both the Individual Retirement Benefits Act of 1971, to permit employees who wish to save independently for their retirement, or to supplement employer-financed pensions, to deduct amounts set aside for these purposes from their income tax returns. Examin...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified],
1972.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Summarizes provisions of S. 3012/H.R. 12302, both the Individual Retirement Benefits Act of 1971, to permit employees who wish to save independently for their retirement, or to supplement employer-financed pensions, to deduct amounts set aside for these purposes from their income tax returns. Examines how S. 3012 would impact vesting, deduction for retirement savings, and contributions on behalf of self-employed individuals and shareholder-employees of electing small business corporations. Reviews S. 3024/H.R. 12337, both the Administration fiduciary standards bill, to amend the Welfare and Pension Plans Disclosure Act to require administrators to manage funds exclusively in the interest of employee beneficiaries, prohibit certain kinds of transactions, broaden reporting and disclosure standards, and strengthen investigatory powers. |
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| Item Description: | Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource. |
| Physical Description: | 1 online resource. |