dancinmama
Senior Associate
LIVIN' THE DREAM!!
Joined: Dec 18, 2010 20:49:45 GMT -5
Posts: 10,659
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Post by dancinmama on Jul 6, 2011 13:57:46 GMT -5
Anyway, I'd rather have the parents here than any amount of money. I miss them. murphath: My in-laws passed away over 10 years ago, my dad - 3 years ago. The only "parent" I have left is my mom who turns 85 today.
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MN-Investor
Well-Known Member
Joined: Dec 20, 2010 22:22:44 GMT -5
Posts: 1,937
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Post by MN-Investor on Jul 6, 2011 14:29:30 GMT -5
It was then I learned why so many companies no longer were offering defined benefit plans: all had to do with the regulations, which were created because so many companies and/or unions raided or "forgot" to fund their plans. I think the regs were "ARISA"--something like that. ERISA - Employee Retirement Income Security Act of 1974. The law set certain requirements regarding such things as vesting and funding. It did not mandate the existence of pension plans, but it set up rules which the plans had to follow in order to be a qualified plan for income tax purposes.
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Tired Tess
Well-Known Member
I'm so ready to wrap it up.
Joined: Jan 16, 2011 8:47:41 GMT -5
Posts: 1,313
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Post by Tired Tess on Jul 6, 2011 14:29:43 GMT -5
Happy birthday to Dancinmama's Mom.
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dancinmama
Senior Associate
LIVIN' THE DREAM!!
Joined: Dec 18, 2010 20:49:45 GMT -5
Posts: 10,659
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Post by dancinmama on Jul 6, 2011 22:01:37 GMT -5
Happy birthday to Dancinmama's Mom. Awwww. That's sweet of you.
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