Simplification of Present-Law Tax Rules Relating to Qualified Pension Plans (S. 2901, the Employee Benefits Simplificaton Act) : Scheduled for a Hearing Before the Subcommittee On Private Retirement Plans And Oversight of the Internal Revenue Service of T

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Simplification of Present-Law Tax Rules Relating to Qualified Pension Plans (S. 2901, the Employee Benefits Simplificaton Act) : Scheduled for a Hearing Before the Subcommittee On Private Retirement Plans And Oversight of the Internal Revenue Service of T
United States. Congress. Joint Committee On Taxation
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Legislation is enacted that does not consider the potential interaction problems created with other areas of employee benefits law.
Some people argue that the rules relating to employer-provided pension plans should not be significantly altered in the context of an effort to simplify the rules. This argument assumes that addi- tional changes in the employee benefits area will only contribute to complexity by legislating again in an area that some say has been overlegislated in the last 10 years
....
On the other hand, legislative initiatives that merely repeal ex- isting rules may not contribute to additional complexity of the rules unless the repeal of such rules leaves uncertainty as to the rule that applies in place of the repealed rule.
The structure of the workplace Some argue that the complexity of the rules relating to pensions stems from a problem that is not unique to the employee benefits area— that is, the way in which the workplace has developed has created inherent complexities in the way that legislation is en- acted.


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