ERISA (the Employee Retirement Income Security Act of 1974) is a Federal law which deals with. employee benefit plans, both Qualified Retirement Plans (e.g., pension and profit sharing plans) and. Welfare Benefit Plans (e.g., group insurance and other fringe benefit plans). The goals of ERISA are. to provide uniformity and protections to employees.
The CME uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams. 2. 3. $0.0144118 is the melt value for the 1909-1982 copper cent on August 17, 2016. â Calculate the value of your own coins.
A pre-1982 copper penny contains about 2.95 grams of copper. There are 453.59 grams in a pound. The price of copper in June of 2016 was $2.17 a pound. That made the value of copper in each penny worth about 1.4 cents. The meltdown value of a penny was 40% more than the face value. Copper moved to a higher price at the end of 2016 of around $2.70 per pound, making the value of copper in older pennies even higher.