Description: This author looks at the post ERISA landscape and concludes that work levels for pension actuaries will not return to pre ERISA levels for some time. Some of the topics discussed include the 1977 Social Security amendments, cleaning up initial ERISA compliance work that was done in haste, increased regulation, litigation, and future legislation.

Description: This article on pensions and tax expenditures discusses the problems in the development of the numbers provided by the Office of Management and Budget. Tax reform proposals that quantify increases in tax revenue that would result from elimination of tax advantages of qualified pension plans are flawed in the author's opinion.

Description: This article provides a summary of the Pension and Employee Benefit Act of 1967 bill S.1103 introduced by Senator Javits of New York. If enacted, it would have far reaching implications.

Description: The author notes in this 1981 article that after two years’ work the President’s Commission on Pension Policy has recommended major changes in the U.S. private pension and Social Security systems. These include a highly controversial proposal to require a Minimum Universal Pension System MUPS, and various other less significant changes. The impact on legislation is much in question, given that the President appointing the Commission is now out of office. The article notes further that since the costs and savings of the proposals have not been quantified, actuaries have a chance to step in and render a public service.

Description: Will the Enrolled Actuary replace the FSA? Maybe was the answer to that question, which posed the topic for discussion at a recent New York Actuaries Club meeting. This 1976 article is a recap of that recent meeting, discussing the implications for the SOA and Academy of the new federal designation of Enrolled Actuary for pension actuaries, and how that would play out with respect to the SOA’s professional designations and the role of the Academy.

Description: This article discusses three employee benefits related lawsuits- Russell v. Massachusetts Mutual Life Insurance Company, Textile Workers Pension Fund v. Standard Dye and Finishing Company, and International UAW v. Yardman, Inc.

Description: This article discusses Dan M. McGill's presentation on the subject of a guaranty fund for private pensions, given to the Senior Branch of the Actuaries Club of New York on March 26, 1968. Dr. McGill offered his thoughts on the technical characteristics of such a fund.

Description: The U.S. Internal Revenue Code prohibits qualified pension and profit sharing plans from discriminating in favor of highly compensated employees. It states that a plan is not discriminatory merely because contributions or benefits are a uniform percentage of pay. In addition, the code allows some disparity between highly compensated employees and other employees with respect to their contributions or benefits as a percentage of pay.

Description: The military retirement system is a funded, noncontributory, defined-benefit plan that includes nondisability retired pay, disability retired pay, and survivor annuity programs. This article discusses the additional benefits created by the Military Retirement Reform Act of 1986.

Description: This brief article notes that Mr. Donald S. Grubbs, Jr., who was intimately involved in the discussions that took place both before and after the enactment of ERISA, gave a talk entitled Three Years of ERISA: A Critical Appraisal to the Pension Research Council last May.