2023 Employee Benefits Pension Benefit 
Employee Benefits
JANUARY 22, 2024
To meet Gen Z’s needs, your organisation must promote the importance of a work-life balance from the beginning of the employee journey. Pensions and Future Planning Contrary to stereotypes, Gen Z actually places significant importance on pension benefits for future planning.
Proskauer's Employee Benefits & Executive Compensa
JANUARY 27, 2023
2023 WL 186800 (E.D. 13, 2023), the court granted a motion to dismiss a pension plan participant’s claim that the plan was equitably estopped from recouping overpaid plan benefits. In Kanefsky v. Ford Motor Co. 22-cv-2259, 10548 U.S. per month. App’x 588 (6th Cir.
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Employee Benefits
OCTOBER 4, 2023
This has come under scrutiny as a result of the Retained EU Law (Revocation and Reform) Act 2023, which received Royal Assent on 29 June 2023. It largely comes into effect on 31 December 2023 and gives ministers the power to change laws accumulated during the UK’s membership of the EU.
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”). Although the regulations were “final,” the PBGC invited comments on the phase-in rule in particular.
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). Listen to the podcast. .
Employee Benefits
MARCH 4, 2024
The lifetime allowance (LTA) is the total value an individual can build up in their combined pension savings without incurring a tax charge: for most people in the tax year 2023/24 this is £1,073,100. The post What do employers need to know about the pensions lifetime allowance abolition? appeared first on Employee Benefits.
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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