Legion World Forums LEGION COMPANION Spaceopoly The Kill-This-Thread Contest!

That's just un-American.

How would you know Canuck?

Canada is just like the US only the labels are half-French, everything's Metric and taxes are higher.

Wow...

...sucks for you!!

(Kidding, I joke because I )

Has no-one managed to kill this thread yet?

I thought everyone would have given up by now.

Hmm... I know !

Unclean ! Unclean !

Keep Clear - Biohazard !

Nuclear Waste !

Bubonic Plague !

Ebola !!!!!!!!

Maybe that'll work.

I really miss Abin's "Die you bastich thread"

Nope it didn't.

Maybe if Semi & I got into a long and multiple post discussion of some esoteric aspect of the law, then we would drive everyone else away and we can share the glory of killing this thread.

I'm rather fond of 29 U.S.C. ERISA.

with, of course, an emphasis on Title IV -- Plan Termination Insurance, not that Titles I - III are anything less than fascinating.

Oh don't get me started on ERISA!

(that was the actual law subject I was thinking of)

There are other laws worthy of this thread? I think not!

Nope and isn't this section just pure poetry?

I actually wrote the PBGC's operating policy implementing this section of the law. 26 pages, including detailed numerical examples, of awe-inspiring bureaucratic beauty.

I never expected a legion World thread to be home to:

Generally, a Payee’s benefit in the Prior Plan will be calculated in both the automatic form for married participants and the automatic form for unmarried participants, but only one will be used in any given Current Plan calculation. For example, if a Payee’s benefit is being calculated as the QJSA in the Current Plan, the assumed Prior Plan benefit calculated in the Prior Plan’s automatic form for married participants would be used in the calculation of the Aggregate Limit. If a Payee’s benefit is being calculated as a PBGC-offered 5C&C, the assumed Prior Plan benefit calculated in the Prior Plan’s automatic form for unmarried participants would be used in the calculation of the Aggregate Limit. Only the portion of the assumed annuity payable after the annuity starting date of the benefit from the Current Plan will be considered.

Great stuff! How does this relate to Workers Compensation Insurance? It does somehow...

Indirectly, at most. If a terminated plan has an offset for worker's comp -- not atypical in heavy industries -- then the aggregate limit would, of course, apply to the net unfunded guaranteed benefits provided under all trusteed plans in which the covered participant earned a benefit. The amount payable under any component plan of the aggregate would be subject to its own provisions relating to worker's comp. Excellent question. There may be an opening in our Kokomo field office for you.

this may work, I'm getting sleepy alrea......

Hee. BB!!

If only because I can understand your post...

You might want to look at www.pbgc.gov to get a basic understanding of the US gov't's pension reinsurance program adminstered under Title IV of ERISA.

Who exactly are they reinsuring?

I only just woken up....maybe i should go back to sleep again...

So can some one explain to me the differences between the different types of pension plans.

Defined benefits, Defined Contribution, etc. I think I know but a wise prof once told me "If you need to mess around with pension accounting, hire someone."

OK you asked for it!

ARRRRRRGGGGGGGG!!!!!!

DIE YOU BASTICH THREAD!!!!!

DIE, DIE, DIE!!!!!

(You have activated the Auto-reply feature of Abin's Computer, on your head lie the consequences!)

<marquee behavior=alternate> </marquee>

Damn, Abin, i was only bluffing...

We were doing so well with the cheerleader talk and then they had to switch off to pension plan reinsurance in the United States.