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fractured Pension songs in American history


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to the tune "Do you remember these" (Statler Bros) - ok, maybe nobody remembers this one, but I was inspired a bit by someone groaning about e-filing, so I 'dedicate' part of the 3rd verse to him!

a music file is enclosed - to make the file work you have to rename from .rpt to .midi, but I have to beat Mr. Baker's system of uploading attachments somehow - at least I think this will work

you probably have to be catch-up eligible to even understand this one.

well, ok, I only had time to come up with 3 verses so far on such short notice, maybe someday I'll dream of more.

10 year cliffs, class year plans, and the rule of 45,

Five to fifteen year vesting really made those plans alive

Laid off just before you’d vest, but that’s the way it goes-

Ah, do you remember those?

No EGTRRA, no USERRA and what the heck is GUST?

No top heavy requirement was placed upon the Trust

No self-direction, default funds and why disclose the fees

Ah do you remember these

Fifty-five hundred C or R, there’s No e-file 2

hand filled forms sent in by mail, that’s all that we need do

no nondisrim, no 410-b, we didn’t dream of GATT,

ah do you remember that?

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ok, finished it up as best I could over the weekend

I'll dedicate this one to those whose grumbling about e-file 2 (in particular verse 3) inspired me take a look at the 'good old days'

10 year cliffs, class year plans, and the rule of 45,

Five to fifteen year vesting really made those plans alive

Laid off just before you’d vest, but that’s the way it goes-

Ah, do you remember those?

No EGTRRA, no USERRA and what the heck is GUST?

No top heavy requirement was placed upon the Trust

No self-direction, default funds and why disclose the fees

Ah do you remember these?

Fifty-five hundred C or R, there’s No e-file 2

hand filled forms sent in by mail, that’s all that we need do

And we filled out many forms, the Schedule Ts and Ps

Ah do you remember these?

HCEs and the 1/3rd rule, the multiple use test

The PIA offset plans, now they seemed like the best

No Cash Balance, no DB-K, nothing like an E-Bar

Can you remember back that far?

No catch up limits, Roth deferrals, EPCRS

Things were easier back then, but now we’ve got a mess

Segment rates and funding yield curves have added to our woes

Ah, if we could forget those!

SIMPLE plans, and SHNECS and SHMACs, New Comparability

Way back when those things were not part of reality

no nondisrim, no 410-b, we didn’t dream of GATT,

ah do you remember that?

Combo plans had 415-e rules to think about

the 1.25 multiplier was often left in doubt

and owners could not take a loan, even if they did say please

ah, do you remember these?

30 thou was the limit; 25 percent of pay

comp reduced by deferrals, for us that was ok

for us old folks, those were the rules, they were our ABCs

Do we, do we remember these? Yes, we do, Ahh how we remember these!

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Ah - to be an inspiration to others - that is something to which we should all aspire!

990-Ts and EBS1s

Excess only plans and 81-202

100 times insured benefits and decent fees

Do you remember these? (ok the meter is wrong, but Tom can fix that)

$30,000 deferral limts and $45,000 DC limits - but that was the early 80s

DB funding could use 'asset matching', but that was outlawed - but then brought to life again with PPA. Even poor old Tom doesn't go back that far.

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