Employee Benefits

SEPTEMBER 20, 2024

More than half (55%) of employees said a retirement plan is more important than ever as 49% of workers aged 50 and older have already started phasing into retirement, according to research by global advisory and broking firm Willis Towers Watson (WTW).

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Empuls

AUGUST 27, 2024

In this all-encompassing guide, we look at the best available options concerning Employee Benefits Options in 2024, different types, and significance, along with best practices in designing a benefits package to suit the workforce's needs.

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Employee Benefits

AUGUST 21, 2024

Central to this was its pension scheme. “We We offered a competitive pension that was above the market median but a majority of colleagues weren’t taking advantage of it,” Thomas says. When national insurance was reduced, we sent out communications suggesting that the extra increase in pay could be put into a pension,” says Thomas. “We

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Employee Benefits

JUNE 28, 2024

The technology firm surveyed 250 full-time employees and HR leaders between the ages of 18 and 65 for its 2024 State of employee financial wellness report. Half (54%) would prefer employers invest more in health insurance, while 43% would like more on retirement plans.

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Employee Benefits

MARCH 1, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Employee Benefits

DECEMBER 20, 2023

The current economic environment is causing disruption to the retirement plans of many. It is important that those retiring in 2024 understand their options, make informed decisions, and avoid making mistakes with their hard-earned savings. Track down all pensions There are 2.8

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Pension Taxes Retirement Plan Education 52

Business Management Daily

MAY 9, 2024

In it, she breaks down all the new payroll compliance changes affecting payroll administration in 2024, including post-pandemic trends that don’t appear to be going anywhere anytime soon. Without further ado, here’s step-by-step guidance for achieving payroll compliance in 2024. How does it do that?

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HR Professionals Magazine

FEBRUARY 3, 2024

By Chuck Stinson The McGriff Retirement Benefit Survey, a follow-up to our 2023 National Benefit Trend Survey, provides a comprehensive view of retirement plan trends across a diverse landscape of industries and company sizes. The responses to the defined benefit plan portion of the survey further supports these views.

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Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 12, 2024

Department of Labor (DOL) issued 3 documents outlining guidance on cybersecurity practices for benefits plans, which we discussed in a blog post at the time. The revised versions of these documents clarify that they apply not just to pension plans, but to health and welfare plans as well.

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Empuls

JUNE 21, 2024

  A thoughtfully crafted retirement plan can positively impact employee morale.      Increase the productivity of employees nearing retirement.    A handsomely distributed retirement plan increases job satisfaction. Let's quantify the significance of retirement rewards. 

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Employee Benefits

FEBRUARY 6, 2023

Let’s explore… Pension schemes Do we still want it? Whatever the sector you work in, it will be unsurprising to read that pension schemes are still the most frequently found benefit in the UK workplace. But is there any way day-to-day pension schemes could be even more valuable? And we wouldn’t have it any other way.

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HR Digest

APRIL 1, 2024

In his 2024 Annual Chairman Letter to Investors, BlackRock CEO Larry Fink brought attention to a retirement crisis letter that renewed interest in the conversation, discussing strategies on how to address the matter. 55 percent of these respondents expressed worry about achieving financial security after retirement.

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Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 12, 2024

Pursuant to the Joint Notice, benefit plans subject to ERISA or the Internal Revenue Code are required to disregard a defined Relief Period when determining certain plan deadlines applicable to participants, beneficiaries, COBRA qualified beneficiaries and claimants affected by the disasters. [2] Who is Entitled to the Deadline Relief?

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Health and Welfare Electronics Pension Health Insurance 40

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 25, 2024

1301(b)(1), all trades or businesses under common control with an employer that has withdrawn from a multiemployer pension plan are jointly and severally liable for the employers withdrawal liability. of Shopmens Pension Plan v. 2024), the Sixth Circuit joined in part the Second, Seventh, and D.C. Under 29 U.S.C.

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Proskauer's Employee Benefits & Executive Compensa

DECEMBER 2, 2022

The Revenue Procedure does specify a deadline for applying.

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Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 27, 2023

The Proposed Rule would specifically cover a recommendation to roll over an account from an employer-sponsored plan ( e.g. , a 401(k) plan) into an individual retirement account (an “IRA”). IRA rollover advice specifically covered.

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Proskauer's Employee Benefits & Executive Compensa

DECEMBER 23, 2022

a long-awaited (and debated) package of retirement plan reforms. Given the breadth of the changes and the anticipated regulatory efforts to implement the new law, virtually all qualified retirement plans will need to be reviewed in conjunction with SECURE 2.0’s The wait is over for SECURE 2.0, may be viewed here.

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HR Digest

MARCH 21, 2025

This Social Security Fairness Act update offers a golden opportunity to step in and guide employees through retirement planning. With more Americans queued up for a SSA benefits increase the possibility of retirement planning reshaping is high. For some, the windfall means retiring earlier. As of today, over 1.1

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