Remove 2022 Remove Pension Remove Pension Benefit
article thumbnail

The Impact of Indexing: 13 Real World Examples

Money Talk

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.

401(k) 232
article thumbnail

PBGC (Slightly) Opens Door to Exceptions From Special Withdrawal Liability Rules for SFA Multiemployer Pension Plans

Proskauer's Employee Benefits & Executive Compensa

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”).

Pension 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

[Podcast]: Special Financial Assistance for Multi-employer Pension Plans (Part 2)

Proskauer's Employee Benefits & Executive Compensa

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
article thumbnail

Financial Implications of Working in Later Life

Money Talk

of Americans age 65+ were working in 2022. Tax Bracket Triggers - When earnings are added to a pension, Social Security, RMDs, and other taxable income, planning is needed to avoid a higher tax rate or Medicare premium. Other benefits also continue. An estimated 21.9%

Taxes 130
article thumbnail

Ohio Court Says Healthcare Benefits and Pension Contributions Not to be Used in Computing AWW

The Workcomp Writer

Quoting Larson’s Workers’ Compensation Law , an Ohio appellate court affirmed a decision by the state’s Industrial Commission that had refused to consider various fringe benefits in the form of health and welfare benefits, as well as the employer’s contribution to several pension funds as “wages” or “earnings” under Ohio Rev.

Pension 72
article thumbnail

42 Years in the Making: PBGC Proposes Regulation on Interest Rate for Withdrawal Liability Calculations

Proskauer's Employee Benefits & Executive Compensa

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. This story starts back in 1980.

Pension 95
article thumbnail

Aston Martin staff threaten to strike in pensions row

Employee Benefits

Workers employed by Aston Martin have threatened the car manufacturer with strike action over changes to their company pension scheme. Unite general secretary Sharon Graham explained that the union will back members if they decide to take industrial action to defend their pensions.

Pension 59