Employee Benefit News

SEPTEMBER 27, 2023

United Auto Workers members who were hired prior to the 2008 financial crisis have pensions, those brought on since have received 401(k) plans instead.

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401(k) Pension 289

International Foundation of Employee Benefit Plans

JUNE 24, 2024

According to recent data from Horizon Actuarial Services, LLC and the International Foundation of Employee Benefit Plans, the fifteen-year period between 2006 and 2020 was turbulent for multiemployer defined benefit (DB) pension plans.

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Retirement Plan Pension Employee Benefits 99

Proskauer's Employee Benefits & Executive Compensa

AUGUST 3, 2021

This episode of The Proskauer Benefits Brief is the first of our three-part series analyzing the Pension Benefit Guaranty Corporation (PBGC) guidance on the new special financial assistance program for troubled multiemployer pension plans that was created by the American Rescue Plan Act (ARPA). We affectionately call it ARPA.

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Pension Pension Benefit Executive Compensation Government 58

Employee Benefits

FEBRUARY 14, 2023

For example, one person might want an increase to their hourly wage, whereas another might be looking for a greater pension contribution or shopping discounts. He said: “Businesses should also consider setting up employee engagement groups or sending out an employee survey to determine what their workforce needs.

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Bonuses Salary Pension Employee Benefits 105

HR Digest

FEBRUARY 25, 2020

Gig economy picked up pace after the recession of 2008 and 2009 when many people were laid off work and who had to be resourceful to find employment. Hiring has slowed down considerably post 2008. One in three employers of 100,000 employees or more said they expected to use 30% or more contingent workers by 2020.

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Government Technology Pension Health Insurance 88

cipHR

APRIL 4, 2019

Thaler and Sunstein expanded on this theory in 2008’s Nudge: Improving Decisions about Health, Wealth, and Happiness. But it left these employees with only the state pension waiting in retirement. One of the items the book explores is choice architecture. million in 2012 to 7.7 million by 2016. million in 2012 to 7.7 million by 2016.

Pension 72

Pension Food Architecture Take Home Pay 72

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 19, 2024

When an employer withdraws from a multiemployer pension plan, the plans trustees must notify the employer of the amount of its withdrawal liability and demand payment. On the basis of dicta in the Supreme Courts opinion in Bay Area Laundry & Dry Cleaning Pension Tr. 1399(b)(1). 1399(b)(1). Ferbar Corp. 4th 190 (3d Cir.

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Construction Pension Employment IT 40