Wells Fargo & Co. v. Comm'r
United States Tax Court
12484-9 For the years 1991-94, Ps made contributions to a voluntary employee benefit trust (the postretirement medical trust) for the purpose of providing postretirement medical benefits to their employees.
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12484-9 For the years 1991-94, Ps made contributions to a voluntary employee benefit trust (the postretirement medical trust) for the purpose of providing postretirement medical benefits to their employees. For 1991, Ps' actuary computed the present value of future postretirement medical benefits for active employees to be $ 14,096,473 and for retired employees to be $ 27,759,057. The actuary divided the $ 14,096,473 for active employees by the average actuarial present value of future service to produce a 1991 funding amount of $ 2,930,660 for active employees. The actuary determined that…
1Opinion of the Court
CONTENTS
FINDINGS OF FACT. 71
A. Background . <3 M
B. Norwest’s Welfare Benefit Plans. <3 to
C. Financial Accounting Standards Board Statement of Financial Accounting Standards No. 106 . CO
D. Norwest’s Contributions to the Postretirement Medical Trust ... ^
1. Funding the Postretirement Medical Trust for 1991 .
2. Funding the Postretirement Medical Trust for 1992-94 .
3. Mercer’s Actuarial Assumptions for the 1991-94 Contributions to the Postretirement Medical Trust. CO
4. Contributions to the Postretirement Medical Trust . <3 <3
E. Respondent’s Determinations . <3 <3
OPTNTON. 77
A. Statutory Framework:…
2Cases cited33 opinions
- Landgraf v. USI Film ProductsSupreme Court of the United States · 1994
- Morissette v. United StatesSupreme Court of the United States · 1952
- Robinson v. Shell Oil Co.Supreme Court of the United States · 1997
- Consumer Product Safety Commission v. GTE Sylvania, Inc.Supreme Court of the United States · 1980
- United States v. American Trucking AssociationsSupreme Court of the United States · 1940
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