Employee Benefits

JANUARY 17, 2024

Credt: P Maxwell Photography/Shutterstock The pension pots-for-life plan take the onus off of employees to keep track of their pensions as they move jobs. Clarification is needed on how employers would manage the process of putting employees’ contributions into many different pension pots. But it’s all in the execution.”

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Pension Employment Government Hospitality 105

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

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.

Pension 59

Pension Pension Benefit Taxes Government 59

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

MARCH 7, 2024

The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5% This will include the impact of the 10% national living wage increase and enhancement of its pension benefits, with staff now able to access up to 6% employer contributions.

Bonuses 59

Bonuses Pension Benefit Manufacturing Pension 59

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. Unions may call strike action regarding issues such as pay , health and safety, pensions and terms and conditions changes, to name a few.

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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

AUGUST 14, 2023

ERISA Section 4010 requires a contributing sponsor of certain single-employer pension plans, as well as the sponsor’s controlled group members, to provide controlled group, financial, and actuarial information to the PBGC each year.

Employment 52

Employment Pension Pension Benefit Retirement Plan 52

Empuls

JUNE 21, 2024

Defined benefit plans  This retirement benefit plan is calculated based on multiple factors, including salary and service. The plans are protected by federal insurance provided through the Pension Benefit Guaranty Corporation or PBGC.  Let us analyze how that fared for Allstate.  

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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. also does not change PBGC’s indexed flat-rate premiums for both single-employer pension plans and multiemployer pension plans.

Pension 40

Pension Executive Compensation Retirement Plan Employment 40

Money Talk

JANUARY 9, 2025

The law will repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) that reduced public sector workers' earned Social Security benefits. I wrote more about how I was WEPed in a 2023 blog post for 403bwise. Do not rely on a pension and/or Social Security alone. They call us "double dippers."

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Pension Pension Benefit Taxes Finance 189