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17 Cards in this Set
- Front
- Back
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Securities & Exchange Act -1934
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Regulated "insider trading"
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Employee Retirement Income Security Act (ERISA) - 1974
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Established the uniform minimum standards that must be met by employer-sponsored pension, health, and welfare benefit programs
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Revenue Act - 1978
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Added Sections 125 & 401k to tax code
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Retirement Equity Act (REA) - 1984
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Provided certain legal protections for spousal beneficiaries of qualified retirement plans
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Consolidated Omnibus Budget Reconciliation Act (COBRA) - 1985
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Provides for continuation of group health-care benefits for former employees & their families
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Tax Reform Act - 1986
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Made significant changes in employee benefit programs especially retirement plans
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Older Worker's Benefit Protection Act (OWBPA) - 1990
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Amended ADEA to include all employee benefits; also provided terminated employees with time to consider group termination or retirement programs and consult an attorney
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Unemployemt Compensation Amendments (UCA) - 1992
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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
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Omnibus Budget Reconciliation Act (OBRA) - 1993
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Reduced the compensation limits in qualified retirement programs
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Family Medical Leave Act (FMLA) - 1993
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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.
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Uniformed Services Employment & Reemployment Rights Act (USERRA) - 1994
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Requires benefit continuation and crediting of service while an employee is on military active duty
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Health Insurance Portability and Accountability Act (HIPPA) - 1996
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Made changes to improve health-care coverage portability and accessability
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Mental Health Parity Act - 1996
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Addresses parity between mental health benefits and medical benefits
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Small Business Job Protection Act (SBJPA)- 1996
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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
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Taxpayer Relief Act (TRA) - 1997
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Created tax-advantaged savings mechanisms, including ROTH IRA's and Education IRA's, for individual tax payers
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Economic Growth and TAx Relief Act Reconciliation Act (EGTRRA) - 2001
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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
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Sarbanes-Oxley Act (SOX) - 2002
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Requires administrators of defined contribution plans to provide notice of covered blackout periods; provides whistle-blower protections for employees
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