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This episode of The Proskauer Benefits Brief is the second of our three-part series analyzing the PensionBenefit Guaranty Corporation (PBGC) guidance on the new special financial assistance program for troubled multiemployer pension plans that was created by the American Rescue Plan Act (ARPA).
They also focus on certain aspects of this insurance product as it relates to executivecompensation and employeebenefits matters. Listen to the podcast David Teigman: Hello and welcome to The Proskauer Benefits Brief: Legal Insight on EmployeeBenefits and ExecutiveCompensation.
This episode of The Proskauer Benefits Brief is the first of our three-part series analyzing the PensionBenefit Guaranty Corporation (PBGC) guidance on the new special financial assistance program for troubled multiemployer pension plans that was created by the American Rescue Plan Act (ARPA). Listen to the podcast. .
Many multiemployer plans and their participants, contributing employers and unions certainly hope so, as they eagerly anticipate the issuance of a PensionBenefit Guaranty Corporation (“PBGC”) final rule that may answer the question for them. However, the PBGC did seek comment on whether it should expand this interpretation.
The SEC’s final rule on Pay Versus Performance becomes effective on October 8, 2022, and will require new executivecompensation disclosures for the upcoming proxy season (for annual proxy statements that include executivecompensation disclosure for fiscal years ending on or after December 16, 2022).
This episode is the final installment of our three-part series on a new special financial assistance program created by the American Rescue Plan Act of 2021 for troubled multiemployer plans and the interim guidance issued by the PensionBenefit Guaranty Corporation regarding the program.
One of the many changes is an end to the annual indexing of the PBGC’s variable rate premium for single-employer pension plans, which is the portion of the single-employer plan premium that is based on a plan’s unfunded vested benefits (as determined using the PBGC’s premium funding rules). As previously discussed , the SECURE 2.0
Having the best compensation plan will help you avoid the risk of losing them or scaring away potential hires. In addition, you need the best employeebenefits software in 2022 to help you plan your compensation effectively. . Our List of Top EmployeeBenefits Administration Software 2022.
Many of the provisions in this sweeping legislation bring changes to the employeebenefits world of which employers should take note and which are summarized below. The ARPA contains several new rules which impact COBRA benefits. Single Employer Pension Plan Provisions. Subsidized COBRA. Multiemployer Plan Provisions.
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