The Employee Retirement Income Security Act of 1974 (ERISA)
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This paper discusses some differences between defined contribution and defined benefit retirement plans; the differences between 401 (k) and 403 (b) plans; the fiduciary requirements imposed by ERISA; and the non-discrimination rules imposed by ERISA.
From the Paper:"Although maximum percentage of compensation limits have now been eliminated for benefits under defined benefit plans, maximum dollar limits have not. These limits typically affect only a few employees, but applying them can be an issue given typical constitutional restrictions on modifying benefit formulas for existing employees."
Cite this Research Paper:
The Employee Retirement Income Security Act of 1974 (ERISA) (2006, February 12) Retrieved June 25, 2019, from https://www.academon.com/research-paper/the-employee-retirement-income-security-act-of-1974-erisa-63728/
"The Employee Retirement Income Security Act of 1974 (ERISA)" 12 February 2006. Web. 25 June. 2019. <https://www.academon.com/research-paper/the-employee-retirement-income-security-act-of-1974-erisa-63728/>