Employee Benefits

JANUARY 18, 2022

Then, when they’re ready, they want to understand how to turn their pension savings into an income for life. Companies might feel that providing a generous pension scheme is the most effective way to discharge their obligation to look after employees in later life. What’s more, our understanding of retirement is becoming more nuanced.

Pension 141

Pension Pension Benefit Finance Salary 141

Proskauer's Employee Benefits & Executive Compensa

AUGUST 20, 2021

This episode of The Proskauer Benefits Brief is the second 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).

Pension 98

Pension Pension Benefit Employment Executive Compensation 98

Employee Benefits

JULY 26, 2024

Members of the Box Clever pension scheme will receive their pension benefits in full following an in-principle deal between The Pensions Regulator (TPR) and ITV. Employees were then transferred to the new organisation and enrolled in the Box Clever pension scheme.

Pension 59

Pension Pension Benefit Employee Benefits 59

Employee Benefits

MAY 9, 2023

Travel business Thomas Cook has completed a £900 million bulk purchase annuity buy-in transaction for its UK pension scheme. Aviva insured the defined benefit (DB) pension liabilities for more than 12,500 scheme members following the liquidation of the business in 2019.

Pension 59

Pension Pension Benefit Insurance Employee Benefits 59

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 22, 2022

As noted below, SRCs need not include any amount for pension benefits.). For example, the first disclosures in 2023 will highlight pay vs. performance for legacy compensation programs from 2022, 2021, and 2020, all of which were approved before the new rule.

Executive Compensation 85

Executive Compensation Pension Pension Benefit Consulting 85

Business Management Daily

APRIL 1, 2021

Mandated federal paid leave under the Families First Coronavirus Relief Act (FFCRA) ended December 31, 2020. It also included a paid and limited FMLA benefit when caring for children whose schools or daycares closed. The award included back pay, lost pension benefits and payment for emotional distress.

Family and Medical Leave Act 64

Family and Medical Leave Act Employment Paid Sick Leave Taxes 64

Empuls

JUNE 21, 2024

Defined benefit plans  This retirement benefit plan is calculated based on multiple factors, including salary and service. The plans are protected by federal insurance provided through the Pension Benefit Guaranty Corporation or PBGC.  Let us analyze how that fared for Allstate.  

401(k) 40

401(k) Retirement Plan Pension roth 401(k) 40