Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: GeorginaW Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25324  
Subject: Re: legal? Date: 4/19/1999 10:22 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
ERISA only requires that the "highly compensated employees" do not get a significantly better deal than the "nonhighly compensated employees". Generally, "highly compensated employees" earn over $80,000. It is not uncommon for a company to have one plan for its salaried workers and one plan for its hourly workers. The exact rules can be found in the Infernal Revenue Code Section 410(b) & 401(a)(4).

Additionally, i beleive, that ERISA doesn't require the above statement to apply to benefits that are collectively bargained. The reasoning is that collectively bargained benefits are chosen by the employees themselves and they choose how to allocate their compensation. A nonbargained employee only gets the benefits that the corporation decides to give them.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Swiss Franc, Obamacare, Education: Common Theme
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.