Labels:book | reckoner | sky OCR: the insurance own ..eas, noney deposited in separate accounts would not be swept within ERISA'S reach Further- mare. the second sentence clarifies that Congress did not con- sider any separate account arrangements qualify "guaranteed benefit policies. The ACLI, however, distorts this ext tremely limited concession into aJ exemption which would bring all general account contracts, whether or not any benefits are actually guaranteed. within its ambit. Following Long Line of Supreme Court Decisions the Seventh Circuit Correctly Read 5401{b)(2} As Exempting Fanuuy Cont racts Onty During Their Annuity Phase The Seventh Circuit has also concluded that 401(b){2} isa narrow exception and cannot be blanket immunity for insurance company general accounts. Peoria Union Stack Ypits Co. Retirement Plan ...
(.png)
