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Re: The Kill-This-Thread Contest!
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Joined: Apr 2005
Posts: 5,074
Wanderer
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Wanderer
Joined: Apr 2005
Posts: 5,074 |
That's just un-American.
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Re: The Kill-This-Thread Contest!
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Joined: Jun 2005
Posts: 5,083
feelin' hot hot hot
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feelin' hot hot hot
Joined: Jun 2005
Posts: 5,083 |
How would you know Canuck?
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Re: The Kill-This-Thread Contest!
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Joined: Apr 2005
Posts: 5,074
Wanderer
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Wanderer
Joined: Apr 2005
Posts: 5,074 |
Canada is just like the US only the labels are half-French, everything's Metric and taxes are higher.
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Re: The Kill-This-Thread Contest!
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Joined: Jun 2005
Posts: 5,083
feelin' hot hot hot
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feelin' hot hot hot
Joined: Jun 2005
Posts: 5,083 |
Wow... ...sucks for you!! (Kidding, I joke because I )
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Re: The Kill-This-Thread Contest!
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Joined: Sep 2003
Posts: 1,724
Deputy
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Deputy
Joined: Sep 2003
Posts: 1,724 |
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.
Hic!
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Re: The Kill-This-Thread Contest!
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Joined: Jun 2005
Posts: 5,452
Wanderer
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Wanderer
Joined: Jun 2005
Posts: 5,452 |
I really miss Abin's "Die you bastich thread"
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Re: The Kill-This-Thread Contest!
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Joined: Aug 2003
Posts: 57,030
strange but not a stranger
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strange but not a stranger
Joined: Aug 2003
Posts: 57,030 |
Originally posted by Ghost of Numf-El: 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. 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.
Big Dog! Big Dog! Bow Wow Wow!
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Re: The Kill-This-Thread Contest!
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Joined: Oct 2004
Posts: 3,611
Legionnaire!
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Legionnaire!
Joined: Oct 2004
Posts: 3,611 |
I'm rather fond of 29 U.S.C. ERISA.
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Re: The Kill-This-Thread Contest!
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Joined: Oct 2004
Posts: 3,611
Legionnaire!
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Legionnaire!
Joined: Oct 2004
Posts: 3,611 |
with, of course, an emphasis on Title IV -- Plan Termination Insurance, not that Titles I - III are anything less than fascinating.
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Re: The Kill-This-Thread Contest!
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Joined: Aug 2003
Posts: 57,030
strange but not a stranger
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strange but not a stranger
Joined: Aug 2003
Posts: 57,030 |
Oh don't get me started on ERISA!
(that was the actual law subject I was thinking of)
Big Dog! Big Dog! Bow Wow Wow!
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Re: The Kill-This-Thread Contest!
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Joined: Oct 2004
Posts: 3,611
Legionnaire!
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Legionnaire!
Joined: Oct 2004
Posts: 3,611 |
There are other laws worthy of this thread? I think not!
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Re: The Kill-This-Thread Contest!
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Joined: Aug 2003
Posts: 57,030
strange but not a stranger
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strange but not a stranger
Joined: Aug 2003
Posts: 57,030 |
Nope and isn't this section just pure poetry? TITLE 29 > CHAPTER 18 > SUBCHAPTER III > Subtitle B > § 1322b
§ 1322b. Aggregate limit on benefits guaranteed; criteria applicable
Release date: 2004-10-27
(a) Notwithstanding sections 1322 and 1322a of this title, no person shall receive from the corporation pursuant to a guarantee by the corporation of basic benefits with respect to a participant under all multiemployer and single employer plans an amount, or amounts, with an actuarial value which exceeds the actuarial value of a monthly benefit in the form of a life annuity commencing at age 65 equal to the amount determined under section 1322 (b)(3)(B) of this title as of the date of the last plan termination.
Big Dog! Big Dog! Bow Wow Wow!
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Re: The Kill-This-Thread Contest!
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Joined: Oct 2004
Posts: 3,611
Legionnaire!
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Legionnaire!
Joined: Oct 2004
Posts: 3,611 |
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.
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Re: The Kill-This-Thread Contest!
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Joined: Oct 2004
Posts: 3,611
Legionnaire!
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Legionnaire!
Joined: Oct 2004
Posts: 3,611 |
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.
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Re: The Kill-This-Thread Contest!
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Joined: Sep 2003
Posts: 34,634
Bold Flavors
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Bold Flavors
Joined: Sep 2003
Posts: 34,634 |
Great stuff! How does this relate to Workers Compensation Insurance? It does somehow...
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Re: The Kill-This-Thread Contest!
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Joined: Oct 2004
Posts: 3,611
Legionnaire!
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Legionnaire!
Joined: Oct 2004
Posts: 3,611 |
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.
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Re: The Kill-This-Thread Contest!
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Joined: Jul 2003
Posts: 6,078
Wanderer
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Wanderer
Joined: Jul 2003
Posts: 6,078 |
this may work, I'm getting sleepy alrea......
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Re: The Kill-This-Thread Contest!
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Joined: Jun 2005
Posts: 5,083
feelin' hot hot hot
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feelin' hot hot hot
Joined: Jun 2005
Posts: 5,083 |
Hee. BB!! If only because I can understand your post...
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Re: The Kill-This-Thread Contest!
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Joined: Oct 2004
Posts: 3,611
Legionnaire!
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Legionnaire!
Joined: Oct 2004
Posts: 3,611 |
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.
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Re: The Kill-This-Thread Contest!
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Joined: Apr 2005
Posts: 5,074
Wanderer
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Wanderer
Joined: Apr 2005
Posts: 5,074 |
Who exactly are they reinsuring?
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Re: The Kill-This-Thread Contest!
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Joined: Jun 2005
Posts: 5,452
Wanderer
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Wanderer
Joined: Jun 2005
Posts: 5,452 |
I only just woken up....maybe i should go back to sleep again...
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Re: The Kill-This-Thread Contest!
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Joined: Apr 2005
Posts: 5,074
Wanderer
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Wanderer
Joined: Apr 2005
Posts: 5,074 |
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."
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Re: The Kill-This-Thread Contest!
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Joined: Aug 2003
Posts: 6,971
Wanderer
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Wanderer
Joined: Aug 2003
Posts: 6,971 |
Originally posted by legionadventureman: I really miss Abin's "Die you bastich thread" 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>
Just an Old, Broke-Down, Drunk, Bum!!
With a Power Ring...
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Re: The Kill-This-Thread Contest!
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Joined: Jun 2005
Posts: 5,452
Wanderer
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Wanderer
Joined: Jun 2005
Posts: 5,452 |
Damn, Abin, i was only bluffing...
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Re: The Kill-This-Thread Contest!
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Joined: Apr 2005
Posts: 5,074
Wanderer
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Wanderer
Joined: Apr 2005
Posts: 5,074 |
We were doing so well with the cheerleader talk and then they had to switch off to pension plan reinsurance in the United States.
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