And-as with SWAps-that while donors benefitted by rapid disbursement and reduced administrative costs, weak government capacity to implement made it impossible to ensure results [ 28].
That seems fine as long as the trusts pay tax on profits (just as companies do) and their beneficiaries pay tax on any disbursement or benefit (just as shareholders do).Instead, trust law has become a murky world.
The only problem is that these benefit levels are monthly disbursements, while the presumed tax saving is an annual figure!
The incidental advancement of a religious mission, or the perceived endorsement of a religious message, is reasonably attributable to the individual recipient, not to the government, whose role ends with the disbursement of benefits.
Thus, the Estate's claim stands or falls by "the terms of the plan," 29 U. S. C. §1132(a)(1)(B), a straightforward rule that lets employers " 'establish a uniform administrative scheme, [with] a set of standard procedures to guide processing of claims and disbursement of benefits,' " Egelhoff v. Egelhoff, 532 U. S. 141.
One of the principal goals of ERISA is to enable employers to establish a uniform administrative scheme, which provides a set of standard procedures to guide processing of claims and disbursement of benefits. Fort Halifax Packing Co. v. Coyne, 482 U.S. 1, 9 (1987).
Moreover, such a scheme allows for a quick disbursement of benefits and could be introduced as a response to an emerging economic crisis (see Robalino et al.2009 for details and discussion of implementation issues).
Although the aid is meant for the benefit of individual students, the disbursements actually go directly to their colleges.
Insurance companies who want to use the disbursement speed as a benefit to the client can pay a claim for car damage immediately into a checking account rather than making customers wait for a paper check to arrive and then to clear.
Second, the trustees and the beneficiaries should be legally responsible for reporting any disbursements or benefits, and for making sure the tax is paid on them.
