2022 Employment Pension Benefit 
Money Talk
DECEMBER 22, 2021
As we close out 2021 and get ready to welcome 2022, it is a good time to consider the impact of indexes (a.k.a., In 2022, beneficiaries will receive a 5.9% Pension COLAs - Pension benefits for some retirees are also indexed for inflation. a $59 increase for every $1,000 of benefits) in 2022.
Money Talk
AUGUST 16, 2023
of Americans age 65+ were working in 2022. Social Security Earnings Limit- Those who claim Social Security before full retirement age will have their benefits reduced $1 for every $2 they earn over $21,240 (2023 limit). If earnings replace prior years in a 35-year benefit formula, benefits will rise. An estimated 21.9%
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Proskauer's Employee Benefits & Executive Compensa
FEBRUARY 13, 2023
As previously discussed , the Pension Benefit Guaranty Corporation (the “PBGC”) issued final regulations in July 2022 for plans that receive special financial assistance (“SFA”) under the American Rescue Plan Act of 2021 (“ARPA”). The details of the process are outlined in the update to the final regulations.
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).
Proskauer's Employee Benefits & Executive Compensa
OCTOBER 17, 2022
A hotly debated (and litigated) issue for multiemployer pension plans in recent years has been the appropriate interest rate to determine a multiemployer pension plan’s liabilities when calculating the plan’s underfunding for withdrawal liability purposes. Comments on the proposed regulations are due by November 14, 2022.
Proskauer's Employee Benefits & Executive Compensa
DECEMBER 21, 2021
Fast forwarding to the year 2022, will it be a happy new year? Many multiemployer plans and their participants, contributing employers and unions certainly hope so, as they eagerly anticipate the issuance of a Pension Benefit Guaranty Corporation (“PBGC”) final rule that may answer the question for them.
Employee Benefits
FEBRUARY 17, 2023
As of December 2022, the UK Inflation rate stood at 10.5% Therefore, people’s pension savings will likely start catching up with the frozen Allowance. This is particularly the case where employees are making healthy contributions to their pension scheme and perhaps receiving matching employer contributions.
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