Print This Page
E-mail This Page
 |
 |
|
Code of Federal Regulations Pertaining to U.S. Department of Labor |
| Labor |
|
| Wage and Hour Division, Department of Labor |
|
|
| Requirements of A ``Bona Fide Thrift or Savings Plan'' |
29 CFR 547.2 - Disqualifying provisions.
- Section Number: 547.2
- Section Name: Disqualifying provisions.
(a) No employee's participation in the plan shall be on other than a
voluntary basis.
(b) No employee's wages or salary shall be dependent upon or
influenced by the existence of such thrift or savings plan or the
employer's contributions thereto.
(c) The amounts any employee may save under the plan, or the amounts
paid by the employer under the plan may not be based upon the employee's
hours of work, production or efficiency.
|
|
|
