Employee Benefits

MAY 8, 2024

The Chancellor announced powers that would be given to both the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) in legislation slated for as early as 2027, enabling them to enforce the value for money regime. The Chancellor also announced two policy intentions for pensions in the future, with specifics to follow.

Pension 59

Pension Government Consulting Employee Benefits 59

Employee Benefits

APRIL 11, 2024

The Department for Work and Pensions has published new guidance to help employers better support disabled people. DWP said it had already met its target of getting one million more disabled people into employment by 2027. The DWP said it forms part of its £2.5

Government 96

Government Pension Recruitment Employment 96

Employee Benefits

MARCH 15, 2023

Please see our summary below: Pension allowances The Government will remove the Lifetime Allowance charge, before completely abolishing it in a future Finance Bill, and raise the Annual Allowance to £60,000 from April 2023. The Chancellor of the Exchequer Jeremy Hunt, has today delivered the Spring Budget 2023.

Pension 52

Pension Finance Government Taxes 52

Workers' Compensation

JUNE 17, 2024

Benefit amount is reduced by some Social Security benefits and employer disability pensions. Phased implementation: 1/3 benefit in year 1, 2/3 in year 2, full benefit in year 3 and onwards. Bill does not affect existing offsets between workers' compensation and Social Security disability benefits.

Workers’ Compensation 52

Workers’ Compensation Pension Disability Insurance Insurance 52

HR Digest

OCTOBER 30, 2023

Upon ratification, there should be an initial hike of 11 percent in 2024 , with a 3 percent hike every year until the end of the contract, ending 2027 with a 5 percent general wage increase. Active members with pensions should get an increase in the life income benefit of $5 per year of credited service. and skilled trades at $50.57.

401(k) 52

401(k) Bonuses Parental Leave Pension 52

Benefits Notes

MARCH 31, 2021

Single Employer Pension Plan Provisions. The ARPA contains two funding relief items that benefit single employer pension plans. Arguably the most significant provision of the ARPA from an employee benefits perspective is the creation of the financial assistance program under the PBGC for troubled multiemployer pension plans.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40