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”).
Money Talk
AUGUST 16, 2023
of Americans age 65+ were working in 2022. Employer Benefits - Workers age 65+ at large companies can still be covered by group health insurance, thereby postponing Medicare premiums. Other benefits also continue. After declining in early years of the pandemic, the percentage of older adults in the labor force is increasing.
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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.
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).
The Workcomp Writer
JUNE 3, 2022
Industrial Comm’n of Ohio , 2022-Ohio-1824, 2022 Ohio App. LEXIS 1697 (May 31, 2022)]. The claimant requested that his average weekly wage be adjusted to include not only his hourly compensation of $36.78, plus health and welfare benefits at a rate of $8.80 Background. to $1,545.10.
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. If employees have more than one pension, they will need to add up what they’ve accumulated across all their pensions to work out the full amount.
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