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Qualified Plans Under Erisa: Tax Shelter Or Bureaucratic Paper Chase?, Louise Cobb Boggs

University of Richmond Law Review

The enactment of the Employee Retirement Security Act of 1974 has had a profound and far-reaching impact upon existing employee benefit plans and upon those which have since been created. ERISA, as the act is commonly designated, is a comprehen- sive federal statute with strong consumer protection overtones which sets up strict requirements for regulating most aspects of the operation and administration of private employee benefit plans. Its primary goals are: (1) to protect benefit rights and to provide retirement security for the participants of employee benefit plans by setting out minimum standards for nondiscriminatory participation, vesting, benefit accrual, and …

The Taxation Of Distributions From Qualified Employee Benefit Plans, Louis A. Mezzullo

University of Richmond Law Review

One of the most confusing aspects of employee benefit plans is the federal tax treatment of distributions to the participants of these plans and to the beneficiaries of deceased participants. The issues frequently involve not only income taxation, but estate and gift taxation as well. While the average practitioner may never be called upon to draft a pension or profit-sharing plan, he may be asked by his client about the consequences of the various alternative methods

of receiving a benefit from such a plan. Many employee benefit plans, particularly profit-sharing plans, offer a participant upon his retirement from the plan …

The "Elaborate Interweaving Of Jurisdiction:" Labor And Tax Administration And Enforcement Of Erisa And Beyond, John W. Lee

University of Richmond Law Review

On Labor Day 1974, President Ford signed into law~the Employee Retirement Income Security Act of 1974, commonly known by its acronym ERISA. The genesis of ERISA is found in a study released in 1965 by the President's Committee on Corporate Pension Fund and Other Private Retirement and Welfare Programs, titled "Public Policy and Private Pension Programs-A Report to the President on Private Employee Retirement Plans." The Committee had been established in 1962 by President Kennedy in recognition of the growth of the pension industry and the need for reform. The report made recommendations as to vesting; funding; termination insurance and …