Effects of Nondiscrimination Rules on Pension Participation

One of the central reasons policymakers provide tax subsidies for pensions is to raise pension coverage and benefit levels, especially among low- and moderate-income workers.¹ To achieve this goal, Congress has established and periodically revised nondiscrimination standards that pension plans must...

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Bibliographische Detailangaben
Hauptverfasser:	ROBERT L. CLARK, JANEMARIE MULVEY, SYLVESTER J. SCHIEBER
Format:	Buchkapitel
Sprache:	eng
Schlagworte:	Accountancy Administrative expenses Business Business administration Business expenses Committed fixed costs Defined benefit pension plan Defined benefit plans Defined contribution plans Economic disciplines Economics Employee benefit plans Employee benefits Employee compensation Employee pension plans Finance Financial accounting Financial economics Fixed costs Funding Human resources Old age benefits Pension contributions Pension plans Pensions Private pensions Social welfare & social services
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Beschreibung
Zusammenfassung:	One of the central reasons policymakers provide tax subsidies for pensions is to raise pension coverage and benefit levels, especially among low- and moderate-income workers.¹ To achieve this goal, Congress has established and periodically revised nondiscrimination standards that pension plans must meet in order to qualify for tax subsidies. In broad terms, the nondiscrimination rules require that coverage and benefits for low-wage employees maintain at least minimal levels relative to what is available for highly compensated workers. The central policy question surrounding nondiscrimination rules is whether they are effective in raising coverage and benefits for low-wage workers. The rules may