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Vesting">Vesting
- Vesting">Vesting
Vesting in a retirement plan means different things for participants in defined benefit (DB) and defined contribution (DC) plans.
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Integration of Retirement Plans with Social Security">Integration of Retirement Plans with Social Security
- Integration of Retirement Plans with Social Security">Integration of Retirement Plans with Social Security
Social Security integration is an employer practice related to the calculation of the retirement benefits employees receive from a defined benefit (DB) retirement plan.
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Spousal Rights in Public Retirement">Spousal Rights in Public Retirement
- Spousal Rights in Public Retirement">Spousal Rights in Public Retirement
Federal laws require most public retirement plans to treat spouses, former spouses, and surviving spouses more equitably.
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Dependent and Nonspouse Survivor Benefits">Dependent and Nonspouse Survivor Benefits
- Dependent and Nonspouse Survivor Benefits">Dependent and Nonspouse Survivor Benefits
Customarily defined-benefit plans pay benefits only to workers and their surviving spouses.
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Plan Reversions and Transfers">Plan Reversions and Transfers
- Plan Reversions and Transfers">Plan Reversions and Transfers
Under certain limited conditions, employers can reclaim excess assets from defined-benefit (DB) retirement plans.
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Pension Benefit Guaranty Corporation">Pension Benefit Guaranty Corporation
- Pension Benefit Guaranty Corporation">Pension Benefit Guaranty Corporation
The Pension Benefit Guaranty Corporation (PBGC) protects workers and ensures that they receive defined-benefit (DB) pension benefits even if their employers go bankrupt.
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Employee Retirement Income Security Act">Employee Retirement Income Security Act
- Employee Retirement Income Security Act">Employee Retirement Income Security Act
In 1974, Congress passed protections for individuals in private retirement and health insurance plans.
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Management and Investments">Management and Investments
- Management and Investments">Management and Investments
Retirement plan sponsors must demonstrate fiduciary responsibility by acting in the sole interest of plan participants and beneficiaries.
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Defined Benefit Plan Risk Transfer">Defined Benefit Plan Risk Transfer
- Defined Benefit Plan Risk Transfer">Defined Benefit Plan Risk Transfer
Some companies sponsoring defined-benefit plans purchase annuities from private insurers.
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Social Security Financing">Social Security Financing
- Social Security Financing">Social Security Financing
Social Security benefits are paid through a self-financing system.