qualifying event

qualifying event. Any one of several specified occasions that, but for the continuation-of-coverage provisions under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), would result in a loss of benefits to a covered employee under a qualified benefit plan. • These occasions include employment termination, a reduction in work hours, the employee’s separation or divorce, the employee’s death, and the employer’s bankruptcy. IRC (26 USCA) § 4980B(f)(3). [Cases: Pensions 47, 66.

1. C.J.S. Pensions and Retirement Plans and Benefits §§ 31–33.]

---

词条贡献者

译者Terence，毕业于国内顶尖法学院，擅长翻译各种与复杂结构性融资相关的法律文件。