Congressional Research Service Reports - 13 Matching Results

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Military Retirement: Background and Recent Developments

Description: This report discusses the military retirement system. The system currently includes monthly compensation for qualified active and reserve retirees, disability benefits for those deemed medically unfit to serve, and a survivor annuity program for the eligible survivors of deceased retirees.
Date: November 17, 2008
Creator: Henning, Charles A.
Partner: UNT Libraries Government Documents Department

Summary of the Employee Retirement Income Security Act (ERISA)

Description: The Employee Retirement Income Security Act of 1974 (ERISA) provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by employers. ERISA contains various provisions intended to protect the rights of plan participants and beneficiaries in employee benefit plans. These protections include requirements relating to reporting and disclosure, participation, vesting, and benefit accrual, as well as plan funding. ERISA also regulates the responsibilities of plan fiduciaries and other issues regarding plan administration. ERISA contains various standards that a plan must meet in order to receive favorable tax treatment, and also governs plan termination. This report provides background on the pension laws prior to ERISA, discusses various types of employee benefit plans governed by ERISA, provides an overview of ERISA’s requirements, and includes a glossary of commonly used terms.
Date: April 10, 2008
Creator: Purcell, Patrick & Staman, Jennifer
Partner: UNT Libraries Government Documents Department

Social Security: The Windfall Elimination Provision (WEP)

Description: This report discusses the windfall elimination provision (WEP), which reduces the Social Security benefits of workers who also have pension benefits from employment not covered by Social Security. Its purpose is to remove an advantage these workers would otherwise receive because of Social Security’s benefit formula that favors workers with smaller amounts of Social Security-covered career earnings. Opponents contend that the provision is basically imprecise and often unfair.
Date: January 14, 2008
Creator: Haltzel, Laura
Partner: UNT Libraries Government Documents Department

Converting Retirement Savings into Income: Annuities and Periodic Withdrawals

Description: To a worker contemplating retirement, there is perhaps no more important question than "How long will my money last?" Congress has a strong interest in the income security of older Americans because much of their income is either provided directly from public programs like Social Security, or in the case of pensions and retirement accounts, is subsidized through tax deductions and deferrals. This report discusses risks involved with retirement fund disbursement and strategies for dealing with such risks.
Date: December 1, 2008
Creator: Mulvey, Janemarie & Purcell, Patrick
Partner: UNT Libraries Government Documents Department

Pension Benefit Guaranty Corporation (PBGC) Investment Policy: Issues for Congress

Description: The Pension Benefit Guaranty Corporation is a federal corporation established under Title IV of the Employee Retirement Income Security Act of 1974. It insures private pension beneficiaries against the complete loss of accrued benefits if their defined benefit pension plan is terminated without adequate funding. It receives no appropriations from general revenue. Its operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income from the assets in its trust fund, and recoveries from the companies formerly responsible for the trusted plans.
Date: September 8, 2008
Creator: Kinneen, Kelly & Purcell, Patrick
Partner: UNT Libraries Government Documents Department

Overview of Filipino Veterans' Benefits

Description: This report defines the four specific groups of Filipino nationals who served under the command of the United States. It also outlines the Rescission Acts of 1946, benefit changes since 1946, current benefits for Filipino veterans by group, and recent legislative proposals and legislation.
Date: October 10, 2008
Creator: Panangala, Sidath Viranga; Scott, Christine & Davis, Carol D.
Partner: UNT Libraries Government Documents Department

Veterans' Benefits: Issues in the 110th Congress

Description: This report discusses veterans' benefits issues that are already part of the legislative agenda for the 110th Congress or are likely to be of interest to Congress. These benefits and issues fall under the jurisdiction of the Department of Veterans Affairs (VA), Veterans Benefits Administration (VBA). Also presented in this report are an overview of the benefits and their eligibility requirements, data on both the veteran population and the benefit population, and summary information on the FY2008 budget for veterans' benefits.
Date: August 15, 2008
Creator: Davis, Carol D.; Loane, Shannon S.; Peterson, Meredith; Scott, Christine; Perl, Libby & Weimer, Douglas Reid
Partner: UNT Libraries Government Documents Department

Veterans Affairs: Benefits for Service-Connected Disabilities

Description: This report describes disability compensation, which is a benefit Congress provides to American veterans and their dependents through the United States Department of Veterans Affairs (VA). Disability compensation is a monthly cash benefit program for veterans currently impaired from past service-connected activities.
Date: May 15, 2008
Creator: Weimer, Douglas Reid
Partner: UNT Libraries Government Documents Department

Veterans' Benefits: Issues in the 110th Congress

Description: This report provides a general discussion of veterans' benefits issues that are part of the legislative agenda of the 110th Congress or are likely to be of legislative interest. Among those issues are disability compensation and pensions; education benefits; homelessness; life insurance; the status or eligibility of groups such as U.S. merchant seamen and World War II Filipino veterans for veterans' benefits; Reserve and National Guard eligibility for veterans' benefits; the U.S. Court of Appeals for Veterans Claims; and legal representation for veterans. For each issue, an overview is provided, along with summaries of pertinent pending legislation. In addition, an overview of the benefits and their eligibility requirements, demographics for both the veteran population and the benefit population, and summary data on the FY2008 budget for veterans' benefits are provided.
Date: October 16, 2008
Creator: Davis, Carol D.; Loane, Shannon S.; Scott, Christine; Perl, Libby; Smole, David P. & Weimer, Douglas Reid
Partner: UNT Libraries Government Documents Department

ERISA’s Impact on Medical Malpractice and Negligence Claims Against Managed Care Plans

Description: This report examines the Employee Retirement Income Security Act of 1974 (ERISA), which provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by employers. While ERISA does not require an employer to offer pension and welfare benefits, it does mandate compliance with its provisions if such benefits are offered. Congress enacted ERISA to eliminate the conflicting and inconsistent regulation of pension and employee welfare benefit plans by state laws. The provisions at issue in the preemption debate are sections 502(a) and 514(a) of ERISA.
Date: February 21, 2008
Creator: Shimabukuro, Jon O.
Partner: UNT Libraries Government Documents Department