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17 Cards in this Set

  • Front
  • Back
Securities & Exchange Act -1934
Regulated "insider trading"
Employee Retirement Income Security Act (ERISA) - 1974
Established the uniform minimum standards that must be met by employer-sponsored pension, health, and welfare benefit programs
Revenue Act - 1978
Added Sections 125 & 401k to tax code
Retirement Equity Act (REA) - 1984
Provided certain legal protections for spousal beneficiaries of qualified retirement plans
Consolidated Omnibus Budget Reconciliation Act (COBRA) - 1985
Provides for continuation of group health-care benefits for former employees & their families
Tax Reform Act - 1986
Made significant changes in employee benefit programs especially retirement plans
Older Worker's Benefit Protection Act (OWBPA) - 1990
Amended ADEA to include all employee benefits; also provided terminated employees with time to consider group termination or retirement programs and consult an attorney
Unemployemt Compensation Amendments (UCA) - 1992
Imposed a mandatory 20% federal income tax withholding requirement on qualified retirement plan proceeds that a recipient does not roll over into another qualified retirement plan or individual retirement account
Omnibus Budget Reconciliation Act (OBRA) - 1993
Reduced the compensation limits in qualified retirement programs
Family Medical Leave Act (FMLA) - 1993
Provides employees with the opportunity to take up to 12 weeks of unpaid leave to care for family members or because of their own serios health condition. 1. Co. must have 50+ employees 2. Employee must be employed for 12 mo. by employer.
Uniformed Services Employment & Reemployment Rights Act (USERRA) - 1994
Requires benefit continuation and crediting of service while an employee is on military active duty
Health Insurance Portability and Accountability Act (HIPPA) - 1996
Made changes to improve health-care coverage portability and accessability
Mental Health Parity Act - 1996
Addresses parity between mental health benefits and medical benefits
Small Business Job Protection Act (SBJPA)- 1996
Made changes to rules regarding the ability of tax-exempt organizations to institute retirement plans modeled after 401(k) and IRA accounts and to the definition of highly compensated employees
Taxpayer Relief Act (TRA) - 1997
Created tax-advantaged savings mechanisms, including ROTH IRA's and Education IRA's, for individual tax payers
Economic Growth and TAx Relief Act Reconciliation Act (EGTRRA) - 2001
Adjusts certain minimum vesting schedules, increases retirement plan compensation and contribution limits, permits catch-up contributions by participants over age 50 in certain retirement plans, and modifies distribution and rollover rules
Sarbanes-Oxley Act (SOX) - 2002
Requires administrators of defined contribution plans to provide notice of covered blackout periods; provides whistle-blower protections for employees