Guest Karen Geiger Posted July 12, 2000 Posted July 12, 2000 This law (PL 106-244 formerly S. 1309) was enacted on 7/10/00 and amends Title I of ERISA. It appears to state that (1) a church plan that is a welfare plan is deemed a single employer plan; and (2) a state is prohibited from requiring any church plan to obtain a license as an insurance company or from maintaining a certain asset reserve. Subsection (d) of the Act, however, appears to require a church plan to be subject to State enforcement (in matters other than (2) above) as if it were an insurer licensed by a state. Does anyone have any thoughts as to the practical affects of this law? [Edited by Karen Geiger on 07-12-2000 at 04:53 PM]
Recommended Posts
Archived
This topic is now archived and is closed to further replies.