Nondiscrimination rule

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Nondiscrimination Rule

A provision of ERISA that requires employer-sponsored retirement plans to offer the same benefits in the same plans to all employees regardless of position in the company. That is, the nondiscrimination rule forbids employees of different rank from buying into the same plan and receiving different benefits. This protects both low income and high income employees. Plans violating the nondiscrimination rule are not tax deductible.
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Nondiscrimination rule.

All qualified retirement plans, including 401(k) plans, must follow nondiscrimination rules. Among other things, the rules prevent highly paid employees from receiving more generous benefits than other employees.

However, employers may offer nonqualified plans to which antidiscrimination rules don't apply. Unlike contributions to qualified plans, contributions to nonqualified plans are not tax deductible.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
* Fulfill the goals of the non-discrimination rule. We will carefully consider how Section 706 might be used to protect and promote an Open Internet consistent with the D.C.
This externality does not justify a strict and costly complete non-discrimination rule, with all the flaws Faulhaber and others have noted, It does, however, suggest potential merit in a less intrusive minimum quality standard that still provides incentives to innovate in order to offer improved quality.
(iv) Price and quality differentiation remains one of the trickiest issues in net neutrality, because the very concept of neutrality was first defined by economists as the combination of a "zero-pricing rule", stating that in the two-sided market of Internet access the content provision side should not be billed, and a "non-discrimination rule", stating that ISPs should not differentiate the quality of service they offer to content providers and to end users (see LEBOURGES).
The regulations also affect company pension schemes by implying a non-discrimination rule into all schemes.
The non-discrimination rule refers to a regulation where ISPs cannot offer differentiated quality of service to CAPs.
"Last year's changes effectively wrote a non-discrimination rule into every pension scheme," said Ms Franklin.
The first EU complaint accused the United States of violating a range of WTO agreements, including a non-discrimination rule which bars members from imposing trade restrictions on some countries but not on others.
The non-discrimination rule has to apply.These three types of access are regarded as complementary and a restricted provision of some of them would not be enough.As there is a cost for gaining access to the local loop, the Commission Recommendation provides a few examples of the sort of charges incumbents should make.
The Federal Communication Commission's "net neutrality" decision in 2015 applied non-discrimination rules to broadband and cable operators.
Three main provisions of the ACA have not yet been implemented: the fully insured, non-discrimination rules; auto-enrollment requirements for employers with 200 or more employees; and the so-called "Cadillac tax." The first two items have not been assigned effective dates yet, and the latter one will become effective in 2018.
The Commission first warned CMT (the predecessor of CNMC) in Junea that its plan may not be compatible with EU telecoms rules(1), could be detrimental to competition, and would not encourage investment in high-speed broadband.aIn particular, the Commission is concerned that the Spanish regulator[acute accent]s proposed price-setting model would lead to regulated prices up to 50% higher than cost-efficient levels.aMoreover, the wholesale broadband access product is the only regulated offer on Telefonica's fibre network, and the Spanish regulator does not plan to impose other competition safeguards, such as stricter non-discrimination rules.
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