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CRS86796ENRpage26
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CRS-22 the Reviews will be greatly reduced; and 2) the success of changes to the Special Review process is related to proposed changes to the adjudicatory hearing process outlined in FIFRA. (Section 6 of FIFRA outlines procedures for challenges to EPA cancellation proposals: possible changes to these hearing procedures are described in more detail in the next section of this paper.) What is less
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CRS86796ENRpage32
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. In this one case, FIFRA provides for EPA to set a "temporary tolerance,” which has been interpreted as being subject to the same risk—benefit criteria as FIFRA applies in registration. 10 r .
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CRS86796ENRpage35
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other factors, State or local variation from the Federal standards is justified. 1 During the 97th Congress the ri nts of States to require further {.7 13 health and safety data beyond that required by EPA proved especially contentious; attempts to strengthen Federal preemption powers were
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CRS84749EPWpage34
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permitted to issue unlimited amounts of tax- _ ‘exempt bonds to finance mortgages for veterans. vThe Deficit Reduction Act; __ff (1) limits the volume of bonds issued each year to the average annual volume of. bonds issued between 1979 and 1983; (2) prohibits States from establishing newp veterans‘ mortgage bond programs; (3) requires that new loans may be made under these program only to veterans who
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CRS84749EPWpage06
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OOOOOOOOOIOOOOOOOOOOOCO Petlsj-OIISOOCOOOOOOOOOOO00000000000000OOOOOOOOOOOOOOOOOOOO 1. 2. 3. 4. 5. 6. Maximum Contributions and Benefit Payments.................. Special Rules for "Top-Heavy" Plans......................... Rules for the Payment of Benefits........................... Plans Funded Mostly by Employee Contributions............... Retroactive Liability for Withdrawal from Multi- Employer Pension
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CRS84749EPWpage05
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CRS-vy CONTENTS ABSTMCTOO000000000OCOOOOOO’OOOOOOO00000000000000O00IOIOOOOOIICOOIOOOOOIDOO0 IO INTRODUCTIONOOOOOOOOOCOOOOIOOOOOOIOOOCOIOOIOOOIIOOOOOOOOOOIOOCOOOOOI 1 . A0 0verviewOOOIOOOOOOOOOOOIOIIIIOIIIO-COOOOOOOOOOIOIOOOOOOOO I I O I O O O0 1 B. Background and Budget Impact.................................... 2 C. Chronology...................................................... 6 II. CHANGES
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CRS84749EPWpage01
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CRS 84-749 ; Congressional Research Service The Library of Congress '2 ,- ... ’ Washington. o.c. 20540 LCILHX/3: R;5t;4=#= 814 «- 74? EPLU S SUMMARY OF CHANGES IN SOCIAL WELFARE PROGRAMS A MADE BY THE DEFICIT REDUCTION ACT OF 1984 (PUBLIC LAW 98-369) Coordinated by:_ GeneiFa1k Education and Public Welfare Division iseptember 21, 1984 z.1i'a?'/-W"
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CRS84749EPWpage32
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CRS+25 3. Rules for the Payment of Benefits (Section 521) ' TEFRA also set new requirements for the payment of pension benefits. It —required that benefit payments begin on the later of: (1) the date an individ- ual retires or (2) the end of the tax year in which an individual reaches age 70 1/2. For "key employees" (see definition under special top-heavy rules, rules, above
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CRS84749EPWpage27
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retired pay benefits. The Deficit Reduction Act repeals this provision, effective for pay periods beginning after July 18, 1984. 2. Other Changes to Federal Employee Retirement Programs The Deficit Reduction Act: (1) provides that military retirement cost-of- living adjustments be paid on January 1, rather than December 31, of each year; (2) permits Federal employees who retire before October 1, 1985
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CRS84749EPWpage31
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CRS-24 1. Maximum Contributions and Benefit Payments (Section 15) The tax code sets maximum contributions to defined contribution pension plans and maximum benefit payments from defined benefit pension plans. Between 1975 and 1982, these limits were adjusted each year for changes in the cost-of- living. The TEFRA lowered the annual maximum contribution and benefit payment to $30,000 and $00,000
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CRS85755EPWpage33
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CRS-13 ithis provides a more complete picture of total retirement and ancillary benefits than replacement ratios.. However, CRS considers the examination of replacement ratios both at retirement andduring the post-retirement period (through age 80) anacceptablemethod for examining total retirement income and the effects of inflation. Moreover, the normal cost calculations in thel CRS study
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CRS85755EPWpage17
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CRS-5 B. OPM In determining costs and replacement rates for non-Federal retirement systems, OPM used a statistical sample of 325 public and private retirement plan sponsors (475 plans). .Eligibi1ity and benefit formulas were current as of January 1984. Sampled plans included plans covering hourly workers as well as salaried employees. The plans selected were based onba random stratified sample
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CRS85755EPWpage15
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CRS-4 I1. DATA BASES A. CRS The major features of non-Federal retirement systems were identified by analyzing and synthesiaing the following data sources: »--Bureau of Labor Statistics (BLS) 1982 survey of employee benefits (data from a sample of 1,500 establishments with employment repre- sentative of 21 million workers); ( --Hay-Huggins 1983 Noncash Compensation Comparison (data on 854
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CRS85755EPWpage09
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and benefits would be it the Federal Government had adopted them for Federal employees retiring in 1985. Using the analysis as a guidepost and the L cost of the present CSRS as a baseline, illustrative plans were developed for «workers retiring in the year 2030 to show the tradeoffs involved with different benefit design packages, retirement ages and Cost?of—living adjustments. B.c ,Office of Personnel
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