The
Unemployment Compensation Amendment of 1976 included the following major provisions:
It then gradually expanded and became nearly universal for all wage and salary workers with the enactment of the Federal
Unemployment Compensation Amendments of 1976.
The
Unemployment Compensation Amendments (UCA) were enacted in July 1992; UCA Section 522(a) added Sec.
The
Unemployment Compensation Amendments of 1992 eliminated many of the impediments to plan distribution rollovers.
Congress extended the Emergency Unemployment Compensation program on March 4, 1993, by enacting the Emergency
Unemployment Compensation Amendments of 1993 (P.L.
The
Unemployment Compensation Amendments Act of 1992 requires 20% withholding for most qualified plan distribution.,3 not directly rolled over into a successor plan or individual retirement account.
The IRS issued two notices that provide additional guidance on the rollover and withholding provisions amended by the
Unemployment Compensation Amendments of 1992 (UCA), and the proposed and temporary regulations implementing these provisions, effective Jan.
The Emergency Unemployment Compensation Act was further amended by the
Unemployment Compensation Amendments of 1992 (Public Law 102-318).
Under the
Unemployment Compensation Amendments Act of 1992, the rollover rules for distributions from qualified retirement plans and tax-sheltered annuities have been expanded and simplified.
402(a)(5)(A) and (e)(4)(A) ((before amendment by the
Unemployment Compensation Amendments of 1992 (UCA)).
(65) PL 102-318,
Unemployment Compensation Amendments of 1992 (UCA).
The
Unemployment Compensation Amendments Act of 1992 (the "Act"), which was signed into law on July 3, 1992, made substantial changes to the qualified retirement plan distribution rules by liberalizing certain restrictions on the rollover of distributions and by requiring either mandatory withholding or direct plan-to-plan transfer of distributed funds.