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Simple English definitions for legal terms

integrated pension plan

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A quick definition of integrated pension plan:

An integrated pension plan is a type of retirement plan where the employer considers the Social Security benefits when calculating the total benefit for the employee. This means that the pension plan may be reduced based on the estimated Social Security benefits. However, the employer must make sure that the estimated amounts are reasonably calculated and not violate the non-forfeiture provision of the Employment Retirement Income Security Act (ERISA). ERISA allows integration based on three factors: the employer’s contribution to other benefit funds, whether the funds are meant to be used by the general public, and whether the benefits supplied correspond with the pension plans. The Act ensures that the employers truthfully inform their employees about integration and facilitates the bargaining process between the employers and the employees.

A more thorough explanation:

An integrated pension plan is a type of retirement plan that takes into account the Social Security benefits an employee will receive when determining their total retirement benefit. This means that the employer can reduce the amount of their pension benefit based on the amount of Social Security benefits the employee will receive.

Congress first recognized integration in the Internal Revenue Code Section 401(a) by noting that a pension plan is not discriminatory merely because it excludes employees whose pay qualifies for Social Security benefits. By enacting the Employment Retirement Income Security Act (ERISA), Congress approved the existing provision by allowing integration based on three factors: the employer’s contribution to other benefit funds, whether the funds are meant to be used by the general public, and whether the benefits supplied correspond with the pension plans.

For example, let's say an employee is eligible for a pension benefit of $1,000 per month and is also eligible for Social Security benefits of $500 per month. If the employer has an integrated pension plan, they may reduce the employee's pension benefit to $500 per month, taking into account the Social Security benefits the employee will receive.

However, ERISA prohibits an integrated pension plan from lowering an employee's benefits if there is an increase in their Social Security benefit level after ERISA's enactment date. This ensures that employees are not unfairly penalized for changes in Social Security benefits.

Overall, an integrated pension plan can be a useful tool for employers to provide retirement benefits to their employees while taking into account other sources of retirement income, such as Social Security benefits.

intangible property | integration

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bitch he didn’t quote anything
you need some inpatient help my man
NosyBeagle
9:58
never heard of this guy. i am intrigued
@NemoPropheta: lmfao we got law schools sending out typos and this bitch is over here thinking an informal blog post is indicative of the writing ability of one of the top admissions consulting services with a track record proven over years, with many customers getting what they want, ie t14
ParallelAgreeableOrangutan
10:21
@seventensplit: did you read RFelixFinch's reddit review of Spivey pro bono? He didn't mention race at all in his app to the program, and they accepted him based on unusual life/background/history
Felix? Fucking jamal bond from 007?
10:25
take your meds bro im begging you
NosyBeagle
10:26
if i take my meds, you all will go away
10:28
YEOW good one nosybeagle i hopw u have a long and prosperous life
NosyBeagle
10:28
thank you bigfatsloth. i wish you the best
10:28
yay
@ParallelAgreeableOrangutan: Yeah, I went ahead and put in an app. Fingers crossed, I guess!
ParallelAgreeableOrangutan
10:32
I hope you get it!
NosyBeagle
10:34
crying screaming throwing up because I have to study again today (I want to go to law school)
ParallelAgreeableOrangutan
10:42
Don't hate me but I start law school in the fall and I'm realizing I would happily do the LSAT for three years instead
NosyBeagle
10:43
what school
ParallelAgreeableOrangutan
10:43
HLS lol which is why I'm so nervous I think
Any idea when Spivey will actually make selections? The deadline is June 29th to apply, so I'm betting they won't make any decisions before that point. Will they email you if you've been rejected or only if they accept you?
ParallelAgreeableOrangutan
10:44
I bet RFelixFinch will tell you how long it too him to find out if you comment on his reddit post
NosyBeagle
10:45
u gotta lock in bro
ParallelAgreeableOrangutan
10:48
I've been out of school for a long time and I'm scared I won't remember how to be a student, or that I'm too used to sleeping full 8-hour nights
NosyBeagle
10:53
I recommend finding students like you for support. There's bound to be a few.
ParallelAgreeableOrangutan
11:05
I'm hoping so, especially with such a large 1L class
I've never been a study group guy in my whole life. Seems like that's the default in law school, though. Idk it's more than a year away for me so I shouldn't even be thinking about this sort of minutia, but like I wonder if study groups are actually tangibly helpful in law school? I bet that majorly depends on who is in your study group, but then they form at the beginning of the year before anybody knows eachother, and momentum just keeps them going even if they aren't great
Nah, the cliques start forming at asd
First round draft picks
Then later ones are lower draft picks
So everyone gets kinda the same peer group in relation to academic ability
Wont be much or any bottom feeders leeching off smart study master/unofficial tutor
Bettercaulsaul
11:18
I haven’t been much of a group study person either in my educational career. If you’re living on campus it won’t be too bad ; I think it mainly becomes an issue for those who live off campus or commute far
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