Rose Packing Co. v. Commissioner
United States Tax Court
Petitioner amended its pension plan and trust in 1949 so as to exclude hourly paid employees from benefits for services after 1949. The rights of such persons then became vested and nonforfeitable. In late 1949 petitioner was informed that it had failed to make increased contributions required by virtue of increases in pay of employees, including those on hourly pay.
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Petitioner amended its pension plan and trust in 1949 so as to exclude hourly paid employees from benefits for services after 1949. The rights of such persons then became vested and nonforfeitable. In late 1949 petitioner was informed that it had failed to make increased contributions required by virtue of increases in pay of employees, including those on hourly pay. The additional amount necessary to raise the value of the benefits payable to hourly paid employees to the proper level was determined in 1950, and that amount paid to the trustees. Each hourly paid employee was entitled to the…
1Opinion of the Court
Rose Packing Company, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Rose Packing Co. v. Commissioner
Docket No. 57315
United States Tax Court
28 T.C. 1028; 1957 U.S. Tax Ct. LEXIS 110;
August 26, 1957, Filed
Decision will be entered for the respondent.
Petitioner amended its pension plan and trust in 1949 so as to exclude hourly paid employees from benefits for services after 1949. The rights of such persons then became vested and nonforfeitable. In late 1949 petitioner was informed that it had failed to make increased contributions required by virtue of increases in pay of…
2Cases cited5 opinions
- Tavannes Watch Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1949
- Perkins v. CommissionerUnited States Tax Court · 1956
- William M. Bailey Co. v. CommissionerUnited States Tax Court · 1950
- Rose Packing Co. v. CommissionerUnited States Tax Court · 1957
- Philadelphia Suburban Transp. Co. v. SmithDistrict Court, E.D. Pennsylvania · 1952