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Employee Benefits Providers: What Employers Need to Know

Empuls

This not only highlights the importance of employee benefits in fostering loyalty and satisfaction but also underscores the potential risks for companies that fail to prioritize this aspect of their compensation strategy. What are employee benefits providers? This reduces the administrative burden on HR departments.

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PA Commonwealth Court Says No Credit Allowed for Pension Benefits Provided by Employer to Injured Retiree

The Workcomp Writer

Background When Paul Pasko retired from Bradford County after 25 years of service, he withdrew his pension contributions of approximately $88,000 as a lump sum. He then began receiving monthly pension payments of $1,668.23, funded entirely by the employers remaining contribution of approximately $219,000.

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EXCLUSIVE: 80% rise in worker Covid death pay outs

Employee Benefits

Between 1 January and 31 December 2021, 1,578 lump sum death benefit claims were settled, while the figures also include the capitalised value of 24 dependants’ pension claims where Covid-19 was recorded as the primary or secondary cause of death on the death certificate, or reported on the insurance claim form.

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Newcastle Building Society rolls out flexible benefits platform

Employee Benefits

Credit: ML Robinson / Shutterstock.com Newcastle Building Society has rolled out a flexible benefits platform for its more than 1,000 employees in order to boost engagement with its benefits package. It also wanted to provide visibility of all benefits to its workforce and encourage them to review these on a regular basis.

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University of Salford targets communications at specific employee groups

Employee Benefits

It offers pre-retirement seminars focusing on a holistic approach to pensions , tax implications, the psychological impact of leaving work, wills and estate planning, that are primarily aimed at older workers but do get interest from younger staff as well. They pass this on through meetings with each department.

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Royal National Institute of Blind People offers workforce financial education

Employee Benefits

Sight loss charity Royal National Institute of Blind People (RNIB) has provided access to financial education to its employees and others with sight loss. The charity partnered with global financial education benefit provider Nudge, which has made sure that its technology now complies with the web content accessibility guidelines.

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Benefits to support an older workforce

Employee Benefits

Employers can offer this tool to employees through benefits providers, while the Department for Work and Pensions has a dedicated website. Valued benefits include above-statutory pension contributions, group life and income protection cover, and healthcare provision.

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