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French Pension Reforms: Controversy and No-Confidence Vote Survived by Macron

HR Digest

As France grapples with an aging population and a pension system deficit, the government’s proposal to raise the retirement age and cut pension costs has sparked a wave of protests and strikes across the country. Join the debate and share your thoughts on the France Retirement Age Protest and 2023 French Pension Reform Strike.

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Government announces DC pension scheme reforms

Employee Benefits

Nine of the UK’s largest defined contribution (DC) pension providers have come to an agreement with the government to improve pension schemes. This could unlock up to £75 billion of additional investment from DC and local government pensions. Hunt said: “British pensioners should benefit from British business success.

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Government launches review to boost employment prospects for autistic people

Employee Benefits

The Department for Work and Pensions (DWP) has launched a government review designed to investigate boosting employment prospects for autistic people. That’s why as a charity we want to see a doubling of the employment rate for autistic people by 2030.

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April HR News Worth Review

Higginbotham

On April 5, 2022, the IRS released a proposed rule that would change the existing rules for eligibility for the premium tax credit (PTC). If this rule is finalized, the change would likely mean that more individuals will be newly eligible for a premium tax credit for coverage purchased through the Exchange. Employer Takeaway.

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How Serious Is Japan’s Labor Shortage?

HR Digest

Globally, Bain & Company has estimated that by 2030, there will be 150 million more older workers (those over 55) in the workforce, accounting for more than one in every four jobs in G7 countries. To encourage companies to retain older workers, the government could provide incentives such as tax breaks or subsidies.

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A Guide to Understanding Retirement Rewards and Benefits with Fortune 500 References

Empuls

The plans are protected by federal insurance provided through the Pension Benefit Guaranty Corporation or PBGC.    - The PBGC ensures traditional pension plans to ensure that some benefits are paid even if employers go bankrupt.  However, the contributions are invested on the employee's behalf on their account.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. The subsidy is tax-free to the individual receiving the subsidy. Tax Credit. Single Employer Pension Plan Provisions. Individuals Eligible to Receive Subsidy.