Employee Benefits

MARCH 4, 2024

The lifetime allowance (LTA) is one of those subjects referenced in lots of pension literature , and yet, it only affects a minority of people. With this in mind, imagine the ‘ooohs’ and ‘ahhhhs’ when one of the rabbits out of the 2023 Spring Budget hat was the announcement to make the LTA disappear.

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Pension Pension Benefit Taxes Government 59

Employee Benefits

JANUARY 17, 2024

Pots for life may not completely end the employer’s role in choosing a pension provider, especially if a large scheme offers favourable terms and investment strategy. The pension pots-for-life plan, announced in 2023’s Autumn Statement by Chancellor of the Exchequer Jeremy Hunt, would turn the current pensions system on its head.

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Pension Employment Government Hospitality 105

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 22, 2022

As noted below, SRCs need not include any amount for pension benefits.). This means registrants on a calendar fiscal year will need to include the new disclosures in their next proxy statement (filed in early 2023 for their 2023 annual meeting). This calculation excludes the impact of changes to actuarial assumptions ( g.

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Executive Compensation Pension Pension Benefit Consulting 85

Employee Benefits

JUNE 10, 2024

Employees often take strike action over issues such as pay , health and safety, pensions, benefits, changes to terms and conditions, and union recognition. Employers should consider employees’ financial wellbeing while on strike, because they are not entitled to pay and may face difficulties.

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Pension Pension Benefit Transportation Benefits Package 69

Employee Benefits

JANUARY 20, 2023

For example, if legislation such as the current Part-Time Workers (Prevention of Less Favourable Treatment) Regulations 2000 were to be amended or removed, this could result in part-time workers receiving less favourable treatment than their full-time peers when it comes to areas such as pensions , benefits, pay and leave, to name but a few.

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Government Parental Leave Pension Benefit Pension 52

Proskauer's Employee Benefits & Executive Compensa

JULY 11, 2022

On July 8, 2022, the Pension Benefit Guaranty Corporation (“PBGC”) published its much anticipated final rule on the special financial assistance (“SFA”) available to certain troubled multiemployer plans under the American Rescue Plan Act of 2021 (“ARPA”). Application Process.

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Pension Pension Benefit Consulting Employment 97

Proskauer's Employee Benefits & Executive Compensa

AUGUST 14, 2023

As explained in the Update, the “atypical and almost unprecedented interaction of market conditions” in late 2022 and early 2023 is expected to drive many plans’ 4010 FTAP below 80% “for the first time in a long time (or perhaps ever).”

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Employment Pension Pension Benefit Retirement Plan 52

Empuls

JUNE 21, 2024

The research also revealed that up to 77% of workers with access to employer-sponsored benefits, chose to participate in the program, increasing the take-up rate. However, 71% of those working professionals under 40 do not know what happens to their benefits once they change jobs or leave before retirement.   How did they fare?

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

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

Act of 2022 (“ SECURE 2.0 ”) that was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act includes a slew of changes for retirement plan sponsors and employers. please see our other blog posts or contact a member of Proskauer’s Employee Benefits and Executive Compensation group.

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Pension Executive Compensation Retirement Plan Employment 40