Nondiscrimination rule

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.

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.

References in periodicals archive ?
The decision for a specific nondiscrimination rule has important
That said, a nondiscrimination rule is not the only way for the FCC
Following the first literature review by SCHUETT (2010), we can identify two main orientations for defining network neutrality within economic analysis: the zero-price rule and the nondiscrimination rule.
Assuming one could demonstrate monopoly power in the access market, a more sensible nondiscrimination rule would be to require that carriers charge different content providers the same rate for any given enhancement of QoS, not to prevent any charges for enhanced QoS whatsoever.
Even before President Clinton signed "Don't Ask, Don't Tell" into law as a compromise in 1993, the American Association of Law Schools added sexual orientation to its nondiscrimination rule, prompting law schools to refuse interview access to all employers who discriminate on that basis.
However, a number of exceptions to GATT's nondiscrimination rule exist.
106) The FCC's draft nondiscrimination rule in the Open Internet proceeding is an example of this type of approach.
The principal concerns of SGA are that the proposed nondiscrimination rule would lock the Internet into its current form -- where continuous access to stolen works is the norm - and that it would prevent Internet service providers (ISPs) from developing technology to effectively combat piracy.
Under these circumstances, adopting a very general or ambiguous nondiscrimination rule today constitutes an attractive compromise, since the controversial question is not decided one way or the other.
Although fierce competition in the marketplace has kept prices low and consumer choices plentiful, the FCC is proposing to codify the four principles and add two more to the list: a nondiscrimination rule that would prohibit providers from selectively blocking or slowing web content or applications, and a transparency rule that would require providers to share network management practices with consumers.
This statement of the nondiscrimination rule is an oversimplification but can be used as a "rule of thumb.